2 thoughts on “3rd day of QQQ short term up-trend”
Dr. Wish,
Do you have any comments about FB? In a strong downtrend since IPO. Do you see any support nearby?
Loading...
You answered your question yourself. All we can know is that FB is in a down-trend. A trend follower would short it or wait for a bottom to be in place and a new rise to begin before going long. With an IPO, which by definition has no long chart history, I wait until it forms a base and reaches an all-time high to buy. When/if FB breaks 45, I would be interested in buying some.
Dr. Wish,
Do you have any comments about FB? In a strong downtrend since IPO. Do you see any support nearby?
You answered your question yourself. All we can know is that FB is in a down-trend. A trend follower would short it or wait for a bottom to be in place and a new rise to begin before going long. With an IPO, which by definition has no long chart history, I wait until it forms a base and reaches an all-time high to buy. When/if FB breaks 45, I would be interested in buying some.