Posted Friday, January 20, 2012 @ 8:00 am by Dr. Wish
QQQ short term up-trend reaches 16th day
With the Worden T2108 at 83% and 95% of the Nasdaq 100 stocks closing above their 30 day averages, I am reluctant to take on more long positions now. I am selling calls on long positions and waiting for a drop to support to increase my long positions. Longer term up-trend is up but I suspect we are in for the usual post-earnings release lull.
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Kirk Nathaniel added these pithy words on Mon, 1-23-12 at 5:56 amDr., do you ever look at any of the Person Pivots or PPS indicators for early trend reversals? I know you said you are taking call option positions but what tells you when to get into those?
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