On February 4th I posted that a new QQQ short term down-trend had begun. QQQ went sideways after that but QQQ may now be entering a longer term Stage 4 down-trend. If it does so, we may be in for a sizable decline. That signal got me out early from the large declines since 2000. I have been posting that I prefer to be in cash. If the 30 week average turns down, all of my funds will be in cash. Be very careful. Most people who have not experienced a major market decline may be slaughtered. Look at recent above average weekly volume declines. Gray line in chart shows weekly close. If we enter a Stage 4 decline I will post the indicator I use to detect market bottoms. Study the Livermore quotes below that I showed my students.
GMI=0 and RED.
True words of wisdom.
Can you please give the start dates of new ups or downs of the qqq when you refer to it. For people reading first time or those that are occasional users it would be so much easier to just provide the first day also for people to review the chart or annotate it. Thank you