Blog post: Day 33 of $QQQ short term down-trend; Weekly RWB up-trend now over, see chart; IBD calls correction

GMI0/6
GMI-22/8
T210821%

This decline is just getting started. It is not even as steep as the 2020 decline. Let’s see if it turns into a BWR down-trend pattern. Thus far, T2108, now at 21%,  is still too high for a bottom. If T2108 falls below 10%, I hope to have the courage to buy a little SPY. I never do and I miss the bottom. It is so nice to be in cash…….(I told you when I got scared in November)

 

2 thoughts on “Blog post: Day 33 of $QQQ short term down-trend; Weekly RWB up-trend now over, see chart; IBD calls correction”

  1. Dr. Wish I saw you on TrderLion and you made quite an impression, with all the traders at the conference you had a simple usable system, I’ve been following your blog, ordered some books and just want to say thank you. Richard Moglen is doing a great job, you should be proud.

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