Monday, January 15, 2007

Trading the QQQQ in 2007

I'll be trading the QQQQs in 2007, hopefully following the trends both up and down.

1. bull / bear sentiment - 62.89
2. yield curve - inverted
3. qqqq - stochastic and macd trending up

Point 1 and 3 combined with point 2 are showing a "top' in the QQQQ. When the correction will happen is anyone's guess. Possibly around the time of the next Federal Reserve meeting - we'll wait and see.

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