My indicators have never been whip-sawed so much. With the QQQ in a channel, I do not believe this new short term up-trend is valid. We shall see. Meanwhile, the GMI Buy signal remains in place.
3 thoughts on “New $QQQ short term up-trend, channel intact”
Better get long my friend, the pension account won’t grow when in all cash as we reach an ATH in coming weeks.
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I’m in the middle, in between Scott and Dr. Wish. I cut my S&P fund down from 50% to 25% of my 401K last month. That way when the SPX goes up I still make *some* money, but if (when) it goes down further I’ll cut it in half again (and maybe again) as I wait for the long term bottom (maybe a year or two away?… he says hopefully).
What’s an ATH?
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ATH = All Time High
My suspicion would be that 2015 is a big up year in all the indices, with a peak somewhere in the first half of 2016, then we’ll get a sizable correction, until then, I will be LONG. But i’m not a trader, i’m an investor.
Better get long my friend, the pension account won’t grow when in all cash as we reach an ATH in coming weeks.
I’m in the middle, in between Scott and Dr. Wish. I cut my S&P fund down from 50% to 25% of my 401K last month. That way when the SPX goes up I still make *some* money, but if (when) it goes down further I’ll cut it in half again (and maybe again) as I wait for the long term bottom (maybe a year or two away?… he says hopefully).
What’s an ATH?
ATH = All Time High
My suspicion would be that 2015 is a big up year in all the indices, with a peak somewhere in the first half of 2016, then we’ll get a sizable correction, until then, I will be LONG. But i’m not a trader, i’m an investor.