Our stock trading strategies are based on surprisingly simple yet effective no nonsense logic that is uncommon in the stock market. For our short term trading strategy we: Buy at support; we take small, quick profits; and we use the 10/2 rule so that we never slip backwards.
Tuesday, June 28, 2005
Bullish Head and Shoulders Forming
We found an interesting chart of the NASDAQ 100 (QQQQ) today which we believe has merit. It reveals the formation of a nice inverted head and shoulders pattern, which when/if complete would lead to a protracted rise in price. This would fit in nicely with the T-Theory which we presented here a few weeks ago. To briefly summarize, the T-Theory predicts a market rise into spring of the year 2006.
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