5th day of $QQQ short term down-trend Thursday, October 2, 2014 @ 9:53 pm by Dr. Wish GMI1/6 GMI-22/9 T210817% I am mainly short and in cash. Share this:EmailFacebookTwitterLinkedInPrintMoreSkypePocketPinterestTumblrRedditTelegramWhatsApp Related
2 thoughts on “5th day of $QQQ short term down-trend”
Dr. Wish why are you in cash now? The T2108 was at 15 and today it’s at 20ish. Typically when you have this extreme you’ll get a bounce. Today I bought some ETF’s Tna, Fas, Xiv, Spy, & Tqqq. I was a bit cautious this time becuase we just had a low reading of the T2108 in Aug. You typically don’t get two lows of the T2108 within a couple of months. Also if you noticed when it went near 20 earlier this week most of markets did not have drops on the charts. I typically like to see a drop in the markets of 8% and the T2108 at or below 20ish and I’ll go full in and hopefully capture 10-20% return. I only trade this a few times a year, but the low risk entry and is really great for someone like me working full time. I’ve been reading your blog for awhile and T2108 has really helped me understand low risk market enties. Thanks for bringing the Indicator to my attention! stock on!
See Sunday night’s post.