Long-term trends and price patterns are always more reliable and significant than those in the short-term, and since I'm not a day trader, I only get to that granularity when pinpointing entry points. In either case, this (below) is something to consider, perhaps for a gamble.
If you don't like the risk (or have the luxury/cojones to day trade at work), then during times of vastly limited trading opportunities - paper trade - and keep your mind/trading skills sharp for when it's time to jump back in... because it will happen quick.
(click chart to enlarge)
Wednesday, October 22, 2008
Stay sharp, Big Tuna
Labels:
price patterns,
QQQQ
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