THE BOTTOM LINE, THE SHORT-TERM TREND IS DOWN, I HOLD SHROT POSITION OVERNIGHT.
No idea about tomorrow but the chart pattern looks incomplete so my guess is after the rebound there’d be another leg down to test today’s low at least.
QQQ down 5 days in a row, buy at close today and sell on the very first up day, you’ll have 76% chances since year 2003.
MECHANICAL TRADING SIGNALS:
DEMO ACCOUNT FOR SHORT-TERM MODEL:
TICKER |
Entry Date |
Entry |
Share |
Stop Loss |
Exit Date |
Exit |
Profit |
Comment |
SDS |
05/04/2011 |
$20.12 |
200 |
$19.47 |
|
|
|
Half positioned. |
SDS |
05/03/2011 |
$19.94 |
300 |
$19.47 |
05/03/2011 |
$19.98 |
12.00 |
Half positioned. |
SSO |
04/20/2011 |
$53.62 |
100 |
$54.73 |
05/04/2011 |
$54.73 |
111.00 |
|
LAST |
|
|
|
|
|
|
1387.00 |
|
SUM |
|
|
|
|
|
|
1510.00 |
|
|
- $200 max loss allowed per trade. For fun only.
- LAST = Year to the last month balance.
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