QQQ most peculiar feno-menon showing up by going into the nitty gritty the way only yours truly can switch to daily then expand chart and magnify and note the exact reading of the 200-day ema and note that Qs are touching it. Now switch to 5-min. for a real closeup view of how the 200-day is offering support. 326.77 is the touch point of the Qs on 5-min. rising Macd, no other supports in sight of any consequence
QQQ 5-min. Death CROSS + downsloping 50-ema with Price approaching it from down under, the distinct sound of a song of wishful thinking was heard . ............ the juice f the 200-day ema was clearly evident in that the 50-ema on the 5-min actually started curving slighly upward to show her bum to Price. She still has charm, no question about it. someday you'll be sorry the way you treated me was wrong ..............
Say what? I thought you said its a new bull market and you sure as heck gave me tons of sh*t about how wrong I was and how I was going to get killed. Now you are showing a Wave "C" in the run up which means you are now switched to bear rally???? WTF is goin on?
Thanks, I like what he has to say. Esp. about the Vix because that is where my atention nowis focussed. We got nothing if the Vix does not validate it. The key note here is that for the resumption of BEAR market the vix MUST rise to the occasion and blast north thru' its wedge.
The video I posted yesterday by a fellow named Ron Walker had cott my attention because of his verification of the Money flow w.r.t. dumb Money vs smart Money. He also mentioned the COT. I have conflicting data on this so have not used it in my thinking. But I'm starting to believe the guy might be right and that the entire rally from June 16 was run by the DUMB MONEY. I will wait for proof of this down the road. then I will look for a reliable service to provide me with the data like the DSI (Daily sentiment Indicator). These aspiring technicians on YOutube are way better tahn the dumbasses on CNBC and I give 'em all a chance and pickout the top 10 and subscribe to their channels. they always come upwith somthing I might have missed. The Lord works in mysterious ways and the POOR us where he confides. I love it. I was born POOR. Ma and Pa had nothing.
I am happy to announce that I am learning a lot at ET. I'm more than satisfied with my choice of venue. It was certainly the right choice to do my Internship.
QQQ entire short positions all closed out 328.7 includes one that triggered today from a pervious order will update that post soon Done for now