Buying the Qs, selling the gold.

Posted on Sep 02, 2010 by WHC Bassetti in Letters

http://stockcharts.com/h-sc/ui?s=QQQQ&p=D&yr=0&mn=6&dy=0&id=p39697041562&a=203282119

We bought the Qs based on power bar across the trendline on dumpety bumpety down wave pattern.  This is a trade, not a system or trend position.

We also sold the gold  (and the silver).  Why would we do that, when we have basically been long gold since 2003?  Once again this is a trade, not a systems move.

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