Replies to post #34622 on The Black Box

[dieselfuel]

I don't know if it'll happen that soon. That would be 'in a perfect world'.

My thinking is: Earnings will start being released around the 2nd week of July, which may provide a rally.

I'd like to see this play out before then.

I, too, bought the QID yesterday and today. Average price is 39.

Also, I'm still holding AAPL from 182.

[dieselfuel]

Ray: Re: QID

My indicators are telling me the the QID still has more upside to go before selling. Using EW, I think the QID may be able to reach 42.70 before a sell signal kicks in.

I don't know what will happen tomorrow, but by trading using my indicator, I have to stay long. The daily and weekly is telling me to stay long.

I'll be watching the QID closely on Thursday and will probably have a comment or two I'll post intraday.

Use your best trading judgement, though, as I only post my thoughts as a way for others to have another opinion to consider.

I guess the reason I post these thoughts is to guage my own thinking. If I'm way off base, someone will notice and bring it to my attention. Then, I'll go back and re-analyize my findings to see if I was in error.

All jmho,
df