Choppy Seas
Very choppy sailing on
the Q seas this morning as the market tries to digest the HP/CPQ
merger news, NAPM release, and the all-too-common upgrade/downgrade shenanigans.
Thus far, the morning charts look a bit more like an erratic EKG than one with
crystal clear entry triggers. As we approach mid-day, the Qs are trading north
of all of the major intraday 15-MA supports, albeit in a fairly tight range
since the retracement off the NAPM spike.
Tuesday, September
4, 2001 12:00 PM EDT
(1)
Approx. Equivalent QQQ Price
I’ve received some
inquiries recently into the upcoming QQQ seminar as to whether the content will
appeal to swing traders. While many of the concepts will apply to intraday
trading, a great deal of the content can certainly be applied to longer time
frames, and I’ll be devoting one segment specifically to that. Among other
tidbits I’ll be sharing will be detailed
screen prints of my personal setup and
detailed walk-throughs of my favorite
entry and exit signals.
In the meantime, good
trading!
P.S. I’m pleased to announce that I’ll
be hosting a two-day
QQQ trading learning forum immediately following TM2001 at the Venetian
Hotel and Resort on October 7- 8, 2001. It seems like we’ve struck a pleasant
nerve with the Q column, and I look forward to sharing my thoughts and views in
a live forum highly conducive to learning and interaction, as well as simply
meeting many of you in person. So whether you trade the Qs or watermelon
seeds, consider extending your stay just a bit and we’ll combine some very
intensive trading discussions and some fun!
For
a more in-depth look at how Don trades the QQQs, click here.