Where is the Dow & others heading in 2005?

[kriesau]

right looks like we are eyeball to eyeball again..

half a stake long at 10,087..

Uh-Oh. You bested User yesterday. Don't feel to comfortable with you in the opposite camp.
I think that I'll have to tighten my stop loss

 

[Racer]

kriesau, could be that 'one trade too many' though

 

[peterpr]

not shortable?
can anyone confirm this?
http://www.tacticaltrader.com/viewtopic.php?t=2091&highlight=

DJI, SPY & QQQ - all NYSE ETF's. They're not on the current NYSE Threshold Securities List.

http://www.nyse.com/Frameset.html?displayPage=/threshold/

 

[FetteredChinos]

kriesau, could be that 'one trade too many' though

gotta have faith R.

just trust in the ruby slippers.

 

[kriesau]

kriesau, could be that 'one trade too many' though

You may be right. I have an open swing short from 10254 yesterday and I opened another short in the afternoon at 10185. When the futures started climbing this morning I closed out my 10185 at 10165

Really p****d at myself for that so my 1085 short today is in revenge (against whom I'm not sure !)

 

[FetteredChinos]

DJI, SPY & QQQ - all NYSE ETF's. They're not on the current NYSE Threshold Securities List.

http://www.nyse.com/Frameset.html?displayPage=/threshold/

cheers Pierre.

FC

 

[Racer]

revenge trading, oh dear, better close my shorts then

 

[roguetrader]

SPY, QQQQ and DIA still shortable

 

[kriesau]

You may be right. I have an open swing short from 10254 yesterday and I opened another short in the afternoon at 10185. When the futures started climbing this morning I closed out my 10185 at 10165

Really p****d at myself for that so my 1085 short today is in revenge (against whom I'm not sure !)

Racer - Forgot to mention that my consolation is yesterdays Nasdaq 100 short at 1436 which is now 19 pts ahead

 

[Racer]

Well done on that one kriesau!

Oil figs in 10 mins

 

[kriesau]

SOXX down 0.7% at 15.25.

 

[FetteredChinos]

consolidation.

so do we go up or down from here?

3.30 here we come..

 

[kriesau]

Verizon propping up the Dow after announcing a 47% uplift in Q1 profits.
Stock up over 1%.

 

[FetteredChinos]

Arf

 

[mofo]

nice one FC. Just watched it take off on the 1min.

 

[FetteredChinos]

10,192 target will do me.. then down on late thursday/friday.

 

[mofo]

still using the basis of the system i mentioned ages ago for your entries / targets ?

 

[peterpr]

cheers Pierre.
FC

Done a bit more digging. It seems that the rules for brokers and specialist members of US equities exchanges have to comply with tighter rules (as of Jan this year for a 1 year trial) concerning aquisition of a security for delivery during the required settlement period for which they accept a short sale order. The effect is that, where a broker does not already hold the security 'in stock' so to speak, he may become reluctant to accept a short order if he forsees difficulty balancing his books. In other words, brokers can operate their own 'Threshold Securities Lists' which is probably what happened in this case.

If that is so, could it be saying something useful about the direction of the market I wonder?

Nice 50 point bounce and 50% retrace as I penned that lot I see.

 

[Racer]

Wonder where they found all that oil.. oh, forgot to add that bit that was lying around to the figures last week, oops

next week, did I double count last week, oh well no matter..

 

[mofo]

still using the basis of the system i mentioned ages ago for your entries / targets ?

this got lost I think. FC - this question was for you.