Now the timing I may respectfully (or not) disagree with.
Actually, I had bought a ton of QQQ in my little Phleet only to watch it fall below $35. On the way back up, at about $42, it really didn't look good, as, if it rolled over again, the weekly down trend line would be below me. And, suddenly, AG & Co produced a miracle and they all sold at GTC orders on the day they cut rates at $47.70.
So, my little Phleet is at about 96% cash, watching all this with entertainment. I did miss two of my entry points by being a little too conservative, but QQQ in the final analysis isn't much ahead of where I exited, and I can be patient to a fault.
The difference between us is that I acknowledge that I got pulled out of a bad situation with the magic stroke of AG & Co. It was not by any great stroke of smarts on my part. However, being up 21% YTD I can afford to be a little patient and watch the party with some amusement.
Again, trying to be educational and supportive, you may find the following chart sobering:
bearforum.com
Berney |
