The QQQ short term up-trend will end if the index closes below 57.54 again on Wednesday. The T2108 is at 24%, not yet in extreme oversold territory where most large declines end. I am largely in cash in my trading accounts with a small short position. My university pension money is still in the growth mutual fund, primarily because I do not want to be penalized for market timing. If I could easily get out, I would reduce my positions.
Dr Wish,
I know you like posting how well the leveraged ETFs have performed in the middle of an uptrend, but I was wondering if you could make a post about how they have performed from start to finish. Of course they will outperform just about anything in the middle of an uptrend, but they will also under-perform just about anything when the uptrend is winding down.
Of course you are correct. It is therefore important to have rules to determine when to get out so as to preserve some profits.
dr wish, you should get a twitter.