Does QQQ follow a distinct trading pattern?

[trhudson]

Quote from increasenow:

do you monitor AAPL at the open or during the day as AAPL is 11.88% of the QQQ....this is way more than any component of the DOW or SP500...

With the product that I am developing, it will be a web-based
pre-market open calculator. You can enter almost ANY symbol. It will give you 5 different regions that will tell you if the stock (symbol) OPENS in this region, it has a historical probability of doing this and the following will be covered:

If the OPEN is within the PREVIOUS DAYS RANGE:
A high above the high of the previous day
Close above Previous High
A break of the midpoint of the previous day
A low below the low of the previous day
Close below Previous Low

If the OPEN is a GAP:
If the Gap will close to the High / Low (Gap up / Gap Down)
If the Gap will close to the Close

I have this developed, I am working on making it look good.

I will eventually add a calculator that will allow you to enter the OPEN and it will give you these stats live and in real-time.

My current platform will tell you when specific patterns occurred and what happened after they occurred. Basically finding probabilities based on patterns. This is a PHP / mySQL based platform and uses historical data.

 

[shotse]

Quote from increasenow:

do you monitor AAPL at the open or during the day as AAPL is 11.88% of the QQQ....this is way more than any component of the DOW or SP500...

To my knowledge AAPL was taken out of QQQ's fund to Regain Balance.

 

[intradaybill]

Five consucutive lower closes in QQQ. I will wait for the gap to be partially closed and go long.

 

[murray t turtle]

Quote from shotse:

thank you

==============
Sure,SS;
as shooting or silver. Not a prediction

 

[shotse]

Quote from murray t turtle:

==============
Sure,SS;
as shooting or silver. Not a prediction

I have been using the parabolic SAR indicator and it has been working nicely most of the time in short term trades lasting from 3-5 days. Good forecasting tool. What technical tools do you use when you try to forecast a stock lasting from 3-5 days?

 

[murray t turtle]

Quote from shotse:

I have been using the parabolic SAR indicator and it has been working nicely most of the time in short term trades lasting from 3-5 days. Good forecasting tool. What technical tools do you use when you try to forecast a stock lasting from 3-5 days?

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Sharpshooter;

Huge number of things, which helps prevents me from short term trading[mostly].Especially since positions trading/investing has been much more profitable over the many years.

a]Still study Jack Schwager top trader books[all three/3]For example Rich ''turtle''Dennis interview= still a favorite.But fortunately since I studied William O Neill chapter on stocks, BEFORE Rich Dennis,,i knew William O Neill knows much more about stocks, but Rich Dennis is much better on trends & commodities, I figure.


b]Yearly,monthly, quartely,weekly,daily,half -daily [candlecharts....................................................................,
.2001 Stock Trader Almanac, by Mr Hirsch.

T]Two hundred day moving average ;
price & volume[200 day/period/ma on price & volume].200 simple ma,
200 weighted ma ,200 ex ma.................................All of this is used with discretion

You will see many patterns no one ever mentioned before;
like i use smaller[shorter moving averages than 200],
but it would help you shoot sharp if you did you own non real time study on those.

z] Like some larger traders/institutions just barely accumulating [buy bias]QQQ, say on hourly candles 2 0 and or 21 period average moving average volume.''inching slowly'',LOL-UP]...................................

Also the bull,/UP volume, 1 year charts declining, not a good sign for the bulls=sell bias.50% off sale works wonders in markets, $60 is half or $120 QQQ area high

 

[murray t turtle]

Quote from murray t turtle:

==================
Sharpshooter;

Huge number of things, which helps prevents me from short term trading[mostly].Especially since positions trading/investing has been much more profitable over the many years.

a]Still study Jack Schwager top trader books[all three/3]For example Rich ''turtle''Dennis interview= still a favorite.But fortunately since I studied William O Neill chapter on stocks, BEFORE Rich Dennis,,i knew William O Neill knows much more about stocks, but Rich Dennis is much better on trends & commodities, I figure.


=====================[/QUOTE
Ps,Sharp shooting;
you may want to study momentum indicator and or donchian channel, all time frames,in non market hours.Mark Weinstein, loves momentum indicator.Jack Schwager nicknamed Mark ''high percentage trader!''

I love that nickname[hi %trader ]but frankly i seldom ever use the momentum indicator-it gets me out of a trend way to early.Mr Mark admitted he would have made more money if he hadnt been so selective/high % hitter.

Sure long Term Trend/ 200dma on QQQ is up;
but wow, notice sell volume creeping on 3 year weekly , like a polar bear sneaks up on a bull seal.