Conversion Solutions Holdings (fka CSHD)

[The Real Deal]

OT: I bought puts on the QQQQ. I tend to jump the gun on my trades, so I may be early but I am rarely wrong. Keep an eye on the QQQQ chart and watch for a confirmation of a reversal. Right now there isn't one. I'm trying to predict the reversal.

I think a sign of a confirmation occurs when the 13 day EMA crosses below the 50 day EMA. On this chart, this partial confirmation would be when the green line crosses under the pink line. It's not 100% and sometimes it crosses under, comes back up and then crosses under a second time before the actual down trend is in place. Even that is not 100%. Sometimes the green line hitting the pink line is simply a support level too, so you have to be careful.

I often try to guess a reversal before any real confirmation and I end up getting in way too early sometimes.

It's just something to keep an eye on if you like to make money in a down market by shorting or buying puts.

http://clearstation.etrade.com/cgi-bin/details?Symbol=qqqq&Refer=http://clearstation.etrade.com/