Thanks for your perspective, ridgetopab.
Appreciated. Chart is from Chris Kimble who was mentored by John
Templeton and has a thirty year track record. You are right, his
headlines and chart markings can be kind of hokey, but in general,
I find his thoughts useful.
Very nice view and thanks for posting - with the
current backdrop (much uncertainty on election and Covid 19) I've
noticed a withdrawal from many traders reducing overall liquidity.
This can lead to very large swings/swoons.
Lastly, I agree with the premise of that general level being
important for many CTA's
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QQQ Click bait chart and
Anyone have any thoughts about this post? I guess it ...
Posted by ridgetopab on 29th of Oct 2020 at 05:44 pm
QQQ Click bait chart and headline so take it with a grain of salt.
25% decline possible but, so is a rally to new highs or sideways consolidation. A lot of support levels to take out along the way.
Steve's advise applies; what is your plan, time frame and money management? 25% down from high and current level shown.
QQQ - Chart Link
Thanks for your perspective, ridgetopab. Appreciated.
Posted by mdgfain on 30th of Oct 2020 at 10:47 am
Thanks for your perspective, ridgetopab. Appreciated. Chart is from Chris Kimble who was mentored by John Templeton and has a thirty year track record. You are right, his headlines and chart markings can be kind of hokey, but in general, I find his thoughts useful.
Very nice view and thanks
Posted by steve on 29th of Oct 2020 at 05:50 pm
Very nice view and thanks for posting - with the current backdrop (much uncertainty on election and Covid 19) I've noticed a withdrawal from many traders reducing overall liquidity. This can lead to very large swings/swoons. Lastly, I agree with the premise of that general level being important for many CTA's