QID Pattern - The Market Speculator

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QID Pattern
Jun 13, 2008 04:28 PM UTC

The Market Speculator

Return	Risk
-8.85%	HIGH

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Symbol	Sentiment	Start	Return	Closed
QID		06/13/08	-48.08%	--

Via The Market Speculator:

We've got a nice bottoming formation forming in QID, which is short the Nasdaq. I took a small position on the pullback (Nasdaq strength) today, and may take a bigger position on either more of a pullback or break over resistance.

I am using this as a hedge on any long positions I may take. However, it's not time to take a big position, since stochastics are overbought.

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