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Post# of 79025
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northam43

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northam43

Re: 2X-Be-Me post# 1812

Friday, 08/26/2005 4:51:14 PM

Friday, August 26, 2005 4:51:14 PM

Post# of 79025
I always buy at the close. I trade QQQQ(long) and USPIX(short) since USPIX is a mutual fund the order has to be placed & accepted atleast 10 minutes before the market close.

Here is my chart:

http://stockcharts.com/def/servlet/SC.web?c=QQQQ,uu[w,a]daclynay[pb50!b200][iLb5!La12,26,9]&pref...

As you can see the RSI(5) is below 30 indicating oversold conditions. The MACD (12,26,9)looks like it has bottomed out around the -.09 area and closed today at -.08. MACD most of the time starts the upward trend in advance of the market. To me it looks like a possible up move based upon these indicators.

JMHO, Lindy
"Buy low, Sell high, stay with your system. If your system breaks fix it."


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