QQQ heading for 9-11 levels?

Quote:
"Check out www.vtoreport.com click on strategies...

Ed"
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Couldn't help but notice that at the bottom of that page it shows that the strategy used has lost money for the past 3 consecutive years. If I'm down for 30 days I start working on possible reasons why.




You are looking at the wrong column. The NDX 100 index has lost the last 3 years. The 5day RSI strategy has never had a losing year in 6 years:confused:

Ed
 
Topgun, I'm with you. Did just a little here, if it works great, if not I will just push it into mom's account, should 've bought me the GI Joe with the Kung-Fu Grip if she wanted good asset management.

I read your first post, and it does seem that when you are at the top of the chart looking back you think man I should have loaded up. But when you are back down at ???? Support ???? it gets hard to pull the trigger. :D
 
QQQ heading for 9-11 levels?
I remember post 9-11 QQQ got down below 30 (Around 27-29 level).....Man I wanted to load up the truck but scared to death....They then rebound into 41 range. Well we are back down there again....Is it time to load up???



Answer:
smileydies.gif
 
lol, that's a good one Gene. That's exactly what happened to me yesterday while holding 70,000 QQQ long. Thank God I sold it!
 
Ok seriously though, anyone wants to pick the short term bounce level for the q's ? How does 28.50 - 29.00 sound? :confused:
 
Originally posted by janko
Ok seriously though, anyone wants to pick the short term bounce level for the q's ? How does 28.50 - 29.00 sound? :confused:
More...

I think your odds are better of flipping a coin and it coming up heads than picking the bottom of the NASDAQ in a downtrend. If you can pick the bottom, then you must also know who will win the SuperBowl next year.

Mike
 
Tony , I know what you mean. Tough market. janko, like a bull market, stocks and indices in a bear market can keep going lower
and pin oversold indicators for days without a "bounce". On a yearly chart in QQQ , 28.50-29.00 looks like it could be support, but who knows . At LWS, we like to try to catch the moves intra-day (when possible).


Gene Weissman
Lieber & Weissman Sec., L.L.C.
gweissman@stocktrade.net
 
Originally posted by BullFighter


I think your odds are better of flipping a coin and it coming up heads than picking the bottom of the NASDAQ in a downtrend. If you can pick the bottom, then you must also know who will win the SuperBowl next year.

Mike
More...

Okay let me try 1140 NDX short term bounce and the New York Yankees will win the Superbowl next year. And I think that the Lakers will win the Stanley Cup!
 
I don't know what the bottom will be for the Q's; however if you gauge the overall tech sector sentiment this week, it is overly bearish. This is usually when sharp reversals occur.

MM
 
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