Thursday, October 11, 2007

QQQQ- NASDAQ- A strong U TURN sell signal today.

QQQQ- NASDAQ- A strong U TURN sell signal today.

NASDAQ and QQQQ started the current upward trend with a strong PFP signal- REVERSE BUY around August 17 as shown in the chart below. Today there is a similar magnitude of sell signal- U TURN SELL signal.

It looks worthwhile to initiate short positions in most stocks with stoploss at today's high prices.


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