Discussion the QQQ weekly trends: (1)Short term (last 8 weeks) the QQQ weekly is in an up trend. (2)At the same time the QQQ weekly trend is in a longer term down trend since Dec 2002. (3)Bullish resolution of these two trends would be for the QQQ weekly to better the Jan 2003 top.Only time will tell if this will happen.IMHO.
Current short position: (1)Entered at 25.06 (2)Once a position is entered, it's exit is mechanical by system.