Futures Trades
Thursday, May 25, 2006
25 May 06, 18:53
dmk: vector is rockin' spike, good going. I think I will take some of those qqqq calls tomorrow
25 May 06, 19:23
dmk: BUT, don't you think we will be heading lower as alot of technical damage has been done to the q's
I think this chart might explain the way I'm seeing it. On top of this chart you have that major C on the Dow that has held thus far. AND that VIX:QQQQ system buy signal. If you weight it all up, you've got to call this a significant bottom which we should rally hard off. Long QQQQ out of the money calls is so worthwhile the risk that they carry. And if this week's lows bust, then go long QQQQ out of the money puts as a strangle and you're almost certainly going to walk away with profits.
Best to ya, and Good Luck with those calls!
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