QID - QLD TRENDS (fka )

[northam43]

QID/QLD Cycle Update Report #13 (Northam43-WAVES)

All in bold is what has changed from last report.

QID current cycles:

QID Daily Phase I, 7th Trading Day: Current price is 18.10 change of -.01. Today's high was 18.12 change of -.36. The lower trend line price is 18.81 change of -.17. 5th low of this cycle is at 17.96 change of -.10. Average lows per daily cycle is 4.52 Trading days. The current upper trend line price is 19.21 change of -.22. Current price is below the lower trend line. The average QID Daily Phase I cycle is 7 trading days. Today QID again hit a new all time low.

QID Weekly Phase I, 4th Trading Week: Current price is below the lower trend line price of 19.16 change of -.23. The current cycle low is at 17.96 change of -.10. 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 24.07 change of -.02. 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, 16th Trading Day: Current price is 60.74 change of -.01. Cycle high is at 61.23 change of +.33. Todays high was 61.23 change of +.33. The average QLD Daily Phase II lasts 7 trading days. The last time QLD Daily Phase II had more than 16 trading days was July 02, 2009. The upper trend line price is 58.66 change of +.52. Current price is above the upper trend line.

QLD Weekly Phase II, 4th Trading Week: The average QLD Weekly Phase II lasts 11 weeks. The current QLD Weekly cycle high is 61.23 change of +.33. The upper trend line price is 58.34 change of +.58. 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 55.18 change of +.06. QLD price will have to fall below 55.18 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: Today QID hit another all time low of 17.96. QLD Daily has now been in Phase II for 16 trading days. I still expect QLD to pullback and, QID should hopefully have put in a short term bottom. I will be selling QID profitable positions at the Daily lower trend line.