Self-Correcting System or Rogue Zombie?

I certainly hope the MensaMonkey hasn't gone the way of the zombie.  I have my suspicions only because I would've expected MM to have scrambled back to the XLI or to the IWM at the first sign of trouble.  Not the case.  For now I will look at this as the swamp being half full rather than half empty and go with the assumption that the system is self correcting and the best odds for a profit rest with holding the QLD through the market "correction".

 My best guess regarding the MensaMonkey mindset is illustrated through the next two charts.

 

Plenty of hammers and dojis combined with a slow stochastic that is just waiting to spring to life on the QQQ chart, and a bounce upward off the 50% retracement area of 66.55 adds some logical reasoning to MM's stubborn hold on the QLD. 

And support with a little help from the 50-day moving average on the S&P500 chart adds to MM's bullish stance.

 

If this turns out to be a case of the monkey only seeing what he wants to, I'm sure MM will do the right thing and back away, or run away from the current leveraged position.  This week should very telling.  Of course, if the MensaMonkey has been "zombified" who knows where this will lead.  Zombies are very slow runners.

Still think zombies aren't real?  Check out the ghoulish buzz here.  Well, O.K. they're ZomBEES.

 'Tis the season to continue to plug my favorite zombie movie again, and it's not just because of the rockin' monkey scene at the beginning.  Mentioning '28 Days Later' is like deja vu all over again as Yogi Berra once said.  Here's last years post.