Tag Archives: short Qs
Minding your Ps and QQQQs…
Posted on Jul 11, 2009 by WHC Bassetti.
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Here’s an interesting idea. Shorting the Qs with QID. It looks like a pretty low risk trade to us. The safest stop is tight under the nearby low. The last few days there were obviously some people shorting — see the power bars and the gaps. If this doesn’t work remember you didn’t hear it here.
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Noted technical analyst WHC Bassetti has over 40 years' experience in the financial markets and is Malcom S.M. Watts III Adjunct Professor of Finance and Economics at Golden Gate University. He is editor of the Ninth Edition of Technical Analysis of Stock Trends, widely considered to be one of the true classics of market analysis.
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