Today's final day of the quarter 'slide' was enough to push the QLD aside to make room for the QID. At tomorrow's open the QLD will be sold and the the QID will be bought, and then we wait. The market looks like it wants to roll over but it has made more comebacks than _________!
Who says this isn't an interactive blog?
After tomorrow's close I will update the YTD gains which look to be around 36%. That's a nice cushion. On one hand, statistically, I would expect a 10% loss; on the other hand, anything is possible. Three winning trades in a row is pushing the limit although six winning trades has happened before.
Will this trade last one day, one week, or a few months? There is only one way to find out. Now, let's all wish for the market to fall into the gutter where it belongs.
Wednesday, March 31, 2010
Let's Ride the QID Train Again
