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Non-Tech : QQQ - Nasdaq 100 Trust -- Ignore unavailable to you. Want to Upgrade?

To: Iceberg who wrote (407)	11/12/2000 2:36:15 PM
From: Topannuity	Read Replies (1) \| Respond to of 840

To restate my point... I've successfully traded QQQ using the following scheme, all using qCharts and visible on one screen... I trade in the direction of the MACD (12,26,9) on the hourly bars. This indicator has relatively few and very manageable whipsaws. This indicator has been short since 1 pm Monday nov 06 (bassically short all week). Then to time my trades WITHIN this MACD "trend" indicator, I trade the consensus direction of the following 3 shorter term indicators: 30 min. chart Stochastics (14(1),3) 5 min chart MACD (12,26,9) 5 min chart DI (14,14) directional movement index This week whenever 2 or 3 of the 3 shorter term indicators went short (WITHIN the hourly MACD -defined downtrend) I sold short.. When 2 of the 3 shorter term indicators went long, I covered my shorts and went flat. I closed all positions every day (I dont hold overnight trades). FYI, on Fridays close all 4 indicators were short. That was the reason I wrote, expecting a bounce is wishing for an outcome that is opposed to the bearish technical signals. Enuf said. Top On Fridays the