Any QQQQuestions?

Posted on Apr 28, 2009 by in Letters

Like it or not, or believe it or not, or trade it or not the QQQQs appear to have put in a bottom and to have broken out.  Ordinarily we would think this bullish for the other indices, and it might be.  But times are parlous.  Regardless it behooves readers not to be short, or to be long.  Given the virtues of natural hedging scaling in is in order.  We pointed this out a while back when it broke out, but as all of us who had Jewish (in our case Scottish) mothers know a little nagging gets the kids to do what is good for them.

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