Weekly chart shows SQ closing below declining 30 week average. Look how much SQ advanced until November when Stage II ended. I only own stocks in Stage II up-trends.
Dr. Wish
$QQQ holding rising 4 week average; 78th day of $QQQ short term up-trend
QQQ has closed above its 4 week average (red dotted line) every week since early January, but one week in early March. Holding its rising 4 week average is a sign of a strong advance in any index or stock.
77th day of $QQQ short term up-trend; Stan Weinstein Stage Analysis
For those of you who did not understand my reference yesterday to SQ possibly entering a Stage IV decline, study Stan Weinstein’s stage analysis. I only buy stocks in a Stage II up-trend.
