QID - QLD TRENDS (fka )

[northam43]

QID/QLD Cycle Update Report #14 (Northam43-WAVES)

All in bold is what has changed from last report.

QID current cycles:

QID Daily Phase I, 8th Trading Day: Current price is 17.81 change of -.29. Today's high was 18.16 change of +.04. The lower trend line price is 18.62 change of -.19. 6th low of this cycle is at 17.65 change of -.31. Average lows per daily cycle is 4.55 Trading days. The current upper trend line price is 19.04 change of -.17. Current price is below the lower trend line. The average QID Daily Phase I cycle is 7 trading days. The last time QID Daily Phase I lasted 8 or more trading days was Feb 12, 2010. Today QID once again hit a new all time low.

QID Weekly Phase I, 4th Trading Week: Current price is below the lower trend line price of 19.11 change of -.05. The current cycle low is at 17.65 change of -.31. 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 24.02 change of -.05. The current cycle low is 17.65. 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, 17th Trading Day: Current price is 61.69 change of +.95. Cycle high is at 62.30 change of +1.07. Todays high was 62.30 change of +1.07. The average QLD Daily Phase II lasts 7 trading days. The last time QLD Daily Phase II had 17 or more 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 58.52 change of +.18. 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: QLD Monthly Cycle high is 62.30. 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 55.35 change of +.17. QLD price will have to fall below 55.35 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 QLD made new cycle highs in the Daily, Weekly & Monthly time frames. QID made new cycle lows in the Daily, Weekly & Monthly time frames. QID made a new all time low today. To add to my QID position the weekly CCI(20) must be at or below -150. It is currently at -138.