Thursday, January 04, 2007

Shorts Are Toyed By QQQQ,GLD Turning?




Dear Readers, QQQQ seems to want to go down, but can not really do it without throwing away bunch of shorts. They got us out (: :) .
GLD could be turning here. We have tested a support of 60% of the recent run up. If QQQQ is looking to go down, could GOLD be looking to go up. Very possible. Strategy could be to buy with a very tight stops.
Good Trading

1 comment:

boris said...

Dear Readers,
If you look at the updated "how do you sell stop". You will see that on the closing bases there is a pretty good formative similarity of the projection ( red line ) with the real close line. that is what we are looking for. The form similarity as prices may differ by some insignificant value.
Good Trading