Shorting the QQQS-the next logical step

Discussion in 'Trading' started by michaelscott, May 25, 2007.

  1. The ten year yield appears its going to pop through the resistance. If it pops, then its time to short the QQQQs. The QQQQS already passed through a significant trend line these last few days.

    The Qs will start to chop up and down from 47 to 45 and then make a decision next of where to go. If the TNX reaches over 5, then we will get in some trouble. The TNX must turn back now or the market will tank.

    The timeframe is 1-3 months once the TNX exceeds 4.9 and stays there.
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