A Gift Combination
Thank you very much. Combine
a gift gap down on top of closing extremes, one- and three-minute trend
reversal triggers, and a 13-minute exit trigger — and you can leave for the day
with handsome profits and enough left over to tip the market on your way out the
door. Current market rhythms and extremes continue to provide trading
opportunity on both the long and short sides, and for those telling you one
can’t profit in a low-risk manner by trading on the long side in a bear market,
they simply have no clue or have blown a stop or two on the way down. Keeping in
mind they’re probabilistic trades and not
“longer-term-hopeful-bottom-fishing lottery tickets” will keep you cashing the
check, instead of vice versa.
The Qs remain in a 13-minute downtrend as we approach mid-day, so work remains
as to a longer term reversal on this options expiration Friday. Yet given the
morning setups, I’ll likely close up shop early and get started on the weekend.
Friday July 19,
2002Â 11:15 A.M. ET
It’s been almost
nine months since we taped the
QQQ video and several since we launched the
QQQ School and the
number of participants and Q traders continues to grow. To respond to one of the
more common recent questions, yes, much of the material including the patterns
and setups can apply to any timeframe and even any liquid market, including the
futures, other ETFs and underlying stocks.
Most importantly, continued thanks for your support during my spouse’s recent
battle for her life. It looks like we’re finally out of the woods and your cards
and emails have been of tremendous help to both of us. Trading is a business …
Life is Life.
Good Trading and Have a Great Weekend!
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