4th day of $QQQ short term down-trend; IBD sees market correction

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GMI-22/8
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My trading account increased on Wednesday due to my call options on QID.   QID is designed to rise   2x as much as the QQQ falls and the call options bet that QID will rise and give me leverage, while minimizing risk.   When one buys options, the most that one can lose is the purchase price of the options. QID rose +3.2% on Wednesday as QQQ declined -1.6%.   Based on short term down-trends since 2006, if the current one last 5 days, it has a 78% chance of continuing for 11 or more days and a 41% chance of lasting 20 or more days.   IBD has now called the market in a correction.

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