Replies to post #1268 on Short Term Trading Member Forum

[frenchee]

BlissBull

You points are noted.

QQQ is at the crossroads once again. So far the 50% retracement level has held two consecutive days. With a close > 36.61 on 8 Jul, I'm going from a fully short position to 100% cash. Why not go long? NAMO isn't in a good reward/risk position for going long as the best buys are generated when NAMO <= -50. See http://stockcharts.com/def/servlet/SC.web?c=$NAMO,uu[w,a]dhllynay[dc][pd20,2!a-50!a25!f]&pref...

GL!