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Allan Harris
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After practicing law for way too long, I moved my family to the beach (Kiawah Island, South Carolina) to trade stocks for a living. After making and blowing a fortune in the technology bubble of the 1990's (and then again in 2006-08), I discovered the art and science of trend following. In... More
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  • QQQ - Hourly Chart Suggesting A Wave 3 Down 0 comments
    Sep 26, 2012 8:51 PM | about stocks: QQQ

    (click to enlarge)

    Above, the QQQ Hourly Trend Model strongly suggesting that an impulse wave down has begun on the Hourly Chart.

    Below, the QQQ Daily Trend Model is sitting right on trend line and regression trend channel support. If support is broken (as suggested by the Hourly chart), a significant market decline will have begun.

    (click to enlarge)

    Disclosure: I am short QQQ.

    Stocks: QQQ
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