What a push up so far !

What a push up so far ! Higher high is created again !

Very very nice for the bulls !

Only ~30 points to my predicted NASDAQ target.

I hope you are still holding some longs and are waiting for the predicted NASDAQ target !

After taking more profits at ~1960 this morning, I still keep some longs with nearly no cost to wait for my predicted NASDAQ target to be fulfilled !

QID is heading to 20, as predicted before ! Below are the words quoted from previous analysis when QID is still above 32. Today it is heading to 27.

"I also believe QID will retest 30 very soon, if not tomorrow ! If 30 can not hold QID well, I think it will go to the next level, namely, 20. Remember, QLD found the bottom when it broke 20 ! I strongly believe QID will have a good chance to break 20 as well ! That's when the market may hit a real top !!!"

Reviewing previous thoughts are quite helpful to improve our visions !

Crossing my fingers !
at 7/23/2009 10:37:00 AM

10 comments:

  1. AnonymousJuly 23, 2009 at 11:26 AM

    really good and impressive. Thanks a lot for sharing your market view.

    ReplyDelete
  2. AnonymousJuly 23, 2009 at 3:26 PM

    I visit you blog everyday. I've learned a lot and got warnings from here. Thanks so much!

    --yy

    ReplyDelete
  3. TigerJuly 23, 2009 at 3:34 PM

    You are welcome ! It's my pleasure if my blog can help you !

    Tiger

    ReplyDelete
  4. AnonymousJuly 23, 2009 at 4:53 PM

    First, I have to say I enjoyed reading your blogs. Then something seems not consistent here to me: if you think QID will tank to 20, does that mean the NASDAQ will be much higher than 1995? Are you talking about different time frames?

    ReplyDelete
  5. TigerJuly 23, 2009 at 5:28 PM

    The reason I predicted QID will hit 20 is that QLD found the bottom when it broke 20 ! This conclusion is based on the symmetry pattern as I mentioned before ! Before hitting 20, any bounce up may not be a good trade opportunity! At least, not very comfortable ! Of course, when QID hits 20, NASDAQ may not be 1995, may be higher or lower, depends on when this will happen. Remember QID has some time value decays.

    Some time, NASDAQ is not correlated well with QID, even for NASDQ-100.

    ReplyDelete
  6. TigerJuly 23, 2009 at 5:31 PM

    QID/QLD is only tradable for a stong well trended market. Like this UP wave ! if the market enters a no trend zone, holding QID or QLD will gradually eat up your money!

    ReplyDelete
  7. AnonymousJuly 23, 2009 at 5:32 PM

    Really really envy you. I read your post everyday, but I was too reluctant to cut loss last week, then I gave up and covered when you are taking profit ;-((
    This is the difference between low-hand and high-hand. Thanks for sharing your thoughts, frogs would benefit greatly from your thoughts. ---90ufo

    ReplyDelete
  8. TigerJuly 23, 2009 at 5:45 PM

    90ufo,
    Thanks for enjoying my market views. However, any body is just a student of the market. I am not a high hand at all. I may be wrong next time ! What we need to do is just to follow the trend ! That's all ! I may write something to comment on "cut loss quick, and let the profit run !"
    Tiger

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  9. AnonymousJuly 23, 2009 at 5:55 PM

    I really need self discipline to "cut loss quick, and let the profit run !" keep hoping for a pullback, keep thinking it's too overbought, small loss turn into big loss... as to let profit run, I have the fear of "profit turn into loss", so always take proft too early, or set stops too tight. Above all, the root cause is I need to improve reading chart, sensing the trend, riding a trend until it changes. Thanks again. -- 90ufo

    ReplyDelete
  10. AnonymousJuly 23, 2009 at 6:46 PM

    AH news: MSFT and others missed ER, QID is jumping up.

    ReplyDelete

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