QQQQ, click to enlarge!
Here’s some $USD rally information–for you NON-Believers
Archive for » January, 2010 «
UPDATE, JAN 30 2010
In a normal trading year, the market gets three corrections 5% or as much as 10%.
Currently the market has corrected 7%.
Here’s a kicker. The QQQQ is at RSI 32, the last time I checked.
The QQQQ rarely goes below RSI 30.
I don’t know if you can stop on a dime? You might have to turn around, and start going long!
When QQQQ, reaches RSI 30, this is exactly what you might / should start doing.
QQQQ at RSI 29.7, is your stop loss.
FRIDAY JAN 29 2010
I have an ETF, that 100% is going to reach this price sometime in FEB.
( approx 20% gain ahead)
I’m posting this incredible find in the member’s area
and in my newsletter, that’s going out today.
So, either become a member and see this incredible find now.
Or, sign up for my newsletter, to get my next incredible find,
in my next newsletter.
Next newsletter set to go out 6:26 EST.
Investor psychology–entire sites are devoted to this subject,
and 80% of them are hogwash.
The market psychology changed from follow the up trend,
to what the heck will happen when the stimulus money
runs out in 6 month’s and the corporate profits
will have to generate the growth / stimulus.
This type of Uncertainty makes the VIX go higher.
Don’t expect the uncertainty to go away for
at least a couple of month’s.
(I’m guessing on the time frame)
Meantime DIA 101-to 103, short at 103,
next channel 99 to 102,
until, 96 = 10% correction. That’s my best guess.
( I hope my hogwash is better than the next guys!)
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Some winning trades for the past week, I was so glad to break even on a couple of these.
I have a few more longs, that will take time to break even on.
I didn’t realize quick enough, the market is starting to look 6 month’s ahead, ( it does that sometimes). What’s the market looking 6 month’s ahead to? It’s looking to see if Real corporation profits, can take over the job of the gov’t stimulus plan.
X ( steel) In the current downturn, I am managing to get out break-even on a few longs.
EARNINGS 1-25, THRU 1-28 Monday – Thursday, next week.
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SPWRA, long at 20 -21, sell 24 or 34
If anybody says / tells you, they will wait for 18.70, last years low, don’t blame me, if they turn out to be more correct than me.
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Check out my trading record, link is in the NAV BAR
When I can clearly see MY exit, and it takes experience, to see the exits–
I can 100% make money—That’s why you see me lose, very rarely on any of my trades.
Pramod had a 200 day regression study at his site
Pramod’s GOOG charts
I was able to spot some 100%, this will happen signals.