AI model sent out the buy signal at market close of October 11. TQQQ was closed at $53.59 on that day. Then TQQQ went up to $60.85, which is half way to the target of $68. The 23.6% pullback level is $57, which happened on October 18. The trend is still up even thought it is weak.
This chart will also answer my previous post to tell colleagues to short the market on Oct 1. I apologize that I didn't write this post on October 11.
And what your AI model is based on? Maybe you can describe it in broad strokes, so we can make sure it's not a "random guess model"
Following chart is the methodology of the AI model (Multiple Artificial General Intelligence Computation Model):
The greatest fallacy of any machine learning approach is that it finds pattern everywhere even if there doesn't exist any. They are too bad for dynamic systems like markets. Face recognition - yes, text recognition -yes, but markets.. I think ML industry is too young and expensive for that.
You have to look at a newer prediction to make your judgment: https://www.elitetrader.com/et/threads/its-time-to-short-the-market.326248/
%% QQQ still going up but below 200dma @ todays close. Looks like its[QQQ] going up again; if it does, TQQQgets dragged along for the ride.SQQQ , SDOW[short QQQ, short DOW] has done better in OCT. But seasonals favor bulls= when they clear 200dma.
Let's wait for long term results to make judgement. Backed by one successful prediction this can be interesting only for naive amateur investor