The QQQQs have been up nine days in a row. What happens after the QQQQs have been up eight or more days in a row? The chart above summarizes the results for purchasing at the close and holding for one, two, five, and ten days after purchase. The results are good for a two, five, and ten day holding period. The results for a single day hold are not good. We may be looking at short term weakness followed by a further continuation of the rally.
Monday, July 20, 2009
QQQQs Up 9 Days in a Row
The QQQQs have been up nine days in a row. What happens after the QQQQs have been up eight or more days in a row? The chart above summarizes the results for purchasing at the close and holding for one, two, five, and ten days after purchase. The results are good for a two, five, and ten day holding period. The results for a single day hold are not good. We may be looking at short term weakness followed by a further continuation of the rally.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment