QID - QLD TRENDS (fka )

[northam43]

QID/QLD Cycle Update Report #12 (Northam43-WAVES)

All in bold is what has changed from last report.

QID current cycles:

QID Daily Phase I, 6th Trading Day: Current price is 18.11 change of -.56. Friday's high was 18.48 change of -.49. The lower trend line price is 18.98 change of -.19. 4th low of this cycle is at 18.06 change of -.55. Average lows per daily cycle is 4.52 Trading days. The current upper trend line price is 19.43 change of -.19. Current price is below the lower trend line. The average QID Daily Phase I cycle is 7 trading days. Friday, QID hit a new 52 week low as well as a new all time low.

QID Weekly Phase I, 3rd Trading Week: Current price is below the lower trend line price of 19.39 change of -.09. The current cycle low is at 18.06 change of -.55. The average QID weekly Phase I cycle lasts 14 weeks. The last time Phase I lasted four weeks or more was August 2007. The current upper trend line price is 20.71 change of .00.

QID Monthly Phase I, 12th Trading Month: The current price is below the lower trend line price of 24.09 change of -.09. The upper trend line price is 29.66 change of .00. The average QID Monthly Phase I cycle lasts 9 months. The longest was 17 months from August 2006 to December 2007. So we could be 5 months or less from a QID long term bottom.

I currently have 6 QID positions at 18.11, 28.57, 31.90, 32.92, 34.12, and 35.75.

QLD current cycles:

QLD Daily Phase II, 15th Trading Day: Current price is 60.75 change of +1.75. Cycle high is at 60.90 change of -1.71. Todays high was 60.90 change of -1.82. The average QLD Daily Phase II lasts 7 trading days. The last time QLD Daily Phase II had more than 15 trading days was July 02, 2009. The upper trend line price is 58.14 change of +.55. Current price is above the upper trend line.

QLD Weekly Phase II, 3rd Trading Week: The average QLD Weekly Phase II lasts 11 weeks. The current QLD Weekly cycle high is 60.90 change of -1.71. The upper trend line price is 57.76 change of +.29. The lower trend line price is 54.10 a change of .00. The last time Phase II lasted 4 weeks or more, was August 2007. The price is currently above the upper trend line.

QLD Monthly Phase II, 9th Trading Month: The average QLD Monthly Phase II lasts 13 months. The longest has been 16 months. So we could be 7 months or less from a major top. Currently the upper trend line price is 55.12 change of +.29. QLD price will have to fall below 55.12 and remain below that level for an entire month to start a new long term bear trend (at this point it would have to be two months).

I currently have one QLD positions at 68.50.

Conclusion: Friday QID hit an all time low of 18.06. QLD Daily has now been in Phase II for 15 trading days. I expect QLD to pullback, thusly QID should hopefully go up. That is why I bought QID at 18.11. Since I now have 6 positions of QID I will not hesitate to sell when profitable.