Comments on: QQQ Downtrend Likely To Resume Today

By: Imadaytr8r

Imadaytr8r — Fri, 24 Sep 2021 17:47:54 +0000

In reply to becky. Wish there were indicators that flashed red just before a whipsaw other then tight stops!

By: Xjet21

Xjet21 — Fri, 24 Sep 2021 15:43:03 +0000

Thank you Randy

By: becky

becky — Fri, 24 Sep 2021 13:56:16 +0000

In reply to Imadaytr8r. That's a metaphor. Insiders position before the news, which is reflected in charts.

By: Imadaytr8r

Imadaytr8r — Fri, 24 Sep 2021 13:20:52 +0000

In reply to 1111GhettoSpread1111. How do charts “create” news?

By: Imadaytr8r

Imadaytr8r — Fri, 24 Sep 2021 13:15:44 +0000

In reply to rsotc. Thumbs up!

By: 1111GhettoSpread1111

1111GhettoSpread1111 — Fri, 24 Sep 2021 13:09:06 +0000

In reply to Imadaytr8r. Charts create the news, headlines will follow.

By: rsotc

rsotc — Fri, 24 Sep 2021 13:08:55 +0000

In reply to Imadaytr8r. That they are. I also should have added to the post above that should QQQ clearly take out the top of the gap/T2, the next significant resistance comes in around that next horizontal line at 378.44. I still favor the former (down from here) but the latter scenario still has somewhat decent odds (~20% chance with about a ~10% chance of the QQQ breaking out to new highs anytime soon, although those odds would increase if the QQQ run up to that 278.44 resistance).

By: Imadaytr8r

Imadaytr8r — Fri, 24 Sep 2021 12:51:16 +0000

Thanks Randy for the pre-market update. Technicals do help cut through ALL the talking heads on CNBC getting us all excited about the stocks they’re overweight in! Seriously, those shows are just a continuous infomercial! Keep it up!