Tuesday, December 02, 2008
Updates: QQQQ & NNVC
Above is the Daily Q chart which triggered a Sell on Monday, signaling that those who tweak the Weekly system using the Daily signals to get back short, in line with the Weekly signal:
Above is the Weekly Q chart, revealing that it will take a print above 32 on the QQQQ to reverse the signal from Sell to Buy this week. Unlikely, but keep it in mind as this has been a very lucrative Sell trade and we don't want to get blindsided, unlikely as it may seem.
This is the Weekly NNVC chart, notable for it's Buy Triangle triggered today at 76 cents. Remember, NNVC trades best with the Daily chart:
As the above Daily chart shows, NNVC triggered long at 62 cents, now 80 cents, a gain of 29% in about a week, but with the Weekly now on board, this has the makings of a huge trade.
The truth is, these four charts are all I am interested in tonight. I can flip through dozens of other charts but I know from my EW analysis that the lows have not been seen and that most any long trade here is full of risk, much more risk then I am willing to take. My game plan is to remain very long NNVC and short the market at opportune times. There are times to be wildly bullish and times to be a raving bear, neither of which is present right here, right now. Being mildly bearish and very excited about NanoViricides just might be the perfect strategy going into the end of the year. Keeping it simple has it's place too.