Tuesday, January 02, 2007

Chart: QID

I already have a 500 share position in QID, which is an ETF that double shorts the Q's (I love the increased volatility!). On Friday I was a little nervous, as the stock looked like it would breakdown below the 50 day moving average. Luckily it reversed towards the end of the day and printed a bullish tail. Stochastics, RSI, and MACD continue to look so strong that I may enter again, either now or on a break of $55.

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