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.

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