Blog Post: Day 29 of $QQQ short term up-trend; 120 US new highs and 8 lows, 45 at ATH; While many people fear the market this is exactly the time I enter; see 10:30 weekly charts of $QQQ and $SPY showing Stage 2 up-trend gaining momentum

@ 9:41 pm
GMI6/6
GMI-27/9
T210862%

See the 10 week average (dotted line) rising above the rising 30 week average (red line). Gray line is weekly close.

2 thoughts on “Blog Post: Day 29 of $QQQ short term up-trend; 120 US new highs and 8 lows, 45 at ATH; While many people fear the market this is exactly the time I enter; see 10:30 weekly charts of $QQQ and $SPY showing Stage 2 up-trend gaining momentum”

  1. Hi,

    Thanks for sharing your GLB. If the GLB breakout is working and prices keep rising, when do we sell? Is it set a target price, or sell after a time duration, etc?

  2. You have to make your own rules. Sell at a target gain. Sell half and move stop up to break even on rest. Sell if it closes below 10 week average…..Look at the chart and sell when action becomes abnormal. One of my best: when my internal voice says this is too easy after a large rise.

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