Comments on: New QQQQ short term down-trend begins; buying QID http://wishingwealthblog.com/2009/05/new-qqqq-short-term-down-trend-begins-buying-qid/ A stock trading blog by Dr. Wish Sat, 11 Feb 2012 22:28:10 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: ghandy http://wishingwealthblog.com/2009/05/new-qqqq-short-term-down-trend-begins-buying-qid/comment-page-1/#comment-737 ghandy Wed, 27 May 2009 12:31:08 +0000 http://wishingwealthblog.com/?p=1775#comment-737 @TomG -- blaming others for your own choices is pathetic. Have a plan and own up to your own actions or stop trading. Dr Wish, thanks for sharing your market insights. Great site. @TomG — blaming others for your own choices is pathetic. Have a plan and own up to your own actions or stop trading.

Dr Wish, thanks for sharing your market insights. Great site.

]]> By: telzinga http://wishingwealthblog.com/2009/05/new-qqqq-short-term-down-trend-begins-buying-qid/comment-page-1/#comment-735 telzinga Tue, 26 May 2009 23:28:03 +0000 http://wishingwealthblog.com/?p=1775#comment-735 Surprise move today. Irrational & Trend less. Could have gone either way. If you got some of it you got lucky. The uptrend was violated about 3 weeks ago when we got our first weekly lower high and lower low. There are other definitions of the trend reversal but that was the first sign of danger I saw and when I exited. Now what to do, We could bounce in this range QQQQ (33 - 35) for a while and that could be a reasonable trade buying & selling the range using tight stops. We could break out higher above 35.50 and start a new uptrend which would be reasonable with a stop under the breakout. Or the market could drop under 33 and start a new downtrend. I cannot see putting money to work here until a new trend clearly develops. I don't feel like I have any trading edge right now. Surprise move today. Irrational & Trend less. Could have gone either way. If you got some of it you got lucky. The uptrend was violated about 3 weeks ago when we got our first weekly lower high and lower low. There are other definitions of the trend reversal but that was the first sign of danger I saw and when I exited. Now what to do, We could bounce in this range QQQQ (33 – 35) for a while and that could be a reasonable trade buying & selling the range using tight stops. We could break out higher above 35.50 and start a new uptrend which would be reasonable with a stop under the breakout. Or the market could drop under 33 and start a new downtrend. I cannot see putting money to work here until a new trend clearly develops. I don’t feel like I have any trading edge right now.

]]> By: dave http://wishingwealthblog.com/2009/05/new-qqqq-short-term-down-trend-begins-buying-qid/comment-page-1/#comment-734 dave Tue, 26 May 2009 17:32:40 +0000 http://wishingwealthblog.com/?p=1775#comment-734 Dr Wish doesn't have a crystal ball which forecasts daily moves. You may be dumping QLD tomorrow and buying QID. He expects a downtrend which may take weeks to develop. Dr Wish doesn’t have a crystal ball which forecasts daily moves.
You may be dumping QLD tomorrow and buying QID. He expects a downtrend which may take weeks to develop.

]]> By: Tom G http://wishingwealthblog.com/2009/05/new-qqqq-short-term-down-trend-begins-buying-qid/comment-page-1/#comment-733 Tom G Tue, 26 May 2009 14:40:14 +0000 http://wishingwealthblog.com/?p=1775#comment-733 I know your advice is free but it just cost me a lot of money this morning. I sold out of QLD and bought into QID. Stopped out of QID within an hour. <strong>Update from site admin: Please make sure you have read our <a href="http://wishingwealthblog.com/disclaimer/" rel="nofollow">site disclaimer</a>.</strong> I know your advice is free but it just cost me a lot of money this morning. I sold out of QLD and bought into QID. Stopped out of QID within an hour.

Update from site admin: Please make sure you have read our site disclaimer.

]]>