T/A ETF AND INDEX

[capt_jmj]

That would be my take, unless you are happy with the reply you give your kids in the car to the incessant question "When are we going go get there?", i.e. "When we get there". You deal with the SPX, and while there have been some minor divergences lately, the major indices move pretty much together. Here is a daily chart of the Qs since early July...



While we have had a bit of a downturn the last three days and today's action appears to have violated the lower boundary of the up channel, you stated categorically on 8/13 (last Wed) that the trend had changed, and the Qs promptly went on to set two new recent highs. I know that your ability to prognosticate the market far exceeds mine, but looking at the chart, I just don't see that we were in a downtrend as of last Wed, unless it was just wishful thinking.


Kind regards,
-CAPT J

"What would you attempt to do if you knew you could not fail?"