QQQQ – what I learned

– See point A : In the beginning of february there was a strong decline in stocks and on one day we had this “dragonfly Doji” I ignored it, did not believe in a turn a that point.

– See point B : red hollow stick indicating strength, with a rise of the stock the next days. (idem end of dec)

At those points I was still in a bearish sentiment (50d MA broken, the nov support level would be tested). So why would I jump in.
However, maybe I was anxious to step in. Key learning here is to balance technical indicators and the emotions. You also do not want to end up in chasing every move (bullish or bearish) in the market.

Now for what comes ahead, we see a clear resistance at the january level of 46.5.
Get your emotions in place and make a plan on failing or winning this level.

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One response to “QQQQ – what I learned

  1. Pingback: SPY – turnaround ? « sensilively

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