New $QQQ short term up-trend, channel intact

GMI5/6
GMI-26/8
T210858%

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.

QQQ02042015

3 thoughts on “New $QQQ short term up-trend, channel intact”

  1. 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?

  2. 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.

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