Replies to post #49965 on Zeev's Turnips Patch-No Politics (ZEEV)

[S Chun-Li]

If $NDX breaks this week's high than both $NDX and $COMPQ will have done so. That will be my signal to get out.

It is possible that QQQ can break without $NDX doing so, by the exuberance of amateur traders. That would, IMO, be a false breakout. Whether it makes any difference is unlikely, but I see no advantage to basing the stock on the QQQ apart from it not requiring monitoring.