12th day of $QQQ short term up-trend; dollar in the dumps? Tuesday, October 20, 2015 @ 9:27 pm by Dr. Wish GMI6/6 GMI-27/9 T210867% This weekly chart makes me think the U.S. dollar is about to begin a Stage IV decline. Why would the $ be topping out? Lower interest rates and/or a recession on the horizon???? Share this:EmailFacebookTwitterLinkedInPrintMoreSkypePocketPinterestTumblrRedditTelegramWhatsApp Related
3 thoughts on “12th day of $QQQ short term up-trend; dollar in the dumps?”
Estimated GDP at 0.9% for Q3 published by Atlanta Fed.
This looks more like a consolidation than a topping pattern – I’ve found that Marketsmith’s A/D rating is useful for ETFs, and this one has a B-, which means it’s not really selling off. If it’s selling off, you’d get a D or E.
Mike, there are many ways to skin a cat when it comes to the stock market. If you truly believe based on your market experience that this is B- then that’s it for you.