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 BUY & SELL Targets 
for Traders with Short-Term Horizon ( 2 to 8 weeks cycle length )  

Profitability can be greatly improved by timing your entries and exits along with NDX
BUY only at the end of major NDX red-day clusters, esp. when RSI < 30 with AD -900
DON'T OVER-STAY YOUR WELCOME ! 
Deploy your cash carefully in accordance with current risk levels  
Observe Prudent Money Management Guidelines

 

  Short Term Phase:
 NEUTRAL

POSTED FOR TRADING ON
 NOV. 26, 2008 
 (WEDNESDAY)

 Exit at the beginning of the first down-day if  target not reached

Long Position Deployment 
 Level

20%

Low-Risk Entry
 (esp. RSI <30)		 Potential Support
(esp. RSI < 50)		 Possible Resistance Levels
 (esp. RSI > 70)		 Maximum Upside 
Next 2 Days
 (esp. RSI > 70)

 See general strategies at the end of the table. 

Please see end of Table for Color-Coding and Purchases explanations.

Accumulate at or below:

Nibble 
at or below:

Take Profit at or above:

Exit at or above:

Allowance
  Bear ETF's
  QID $75.1   $82.3 $88.9 -  0.6
  ETF's CHART
  QLD $18.3     $27.3 -  0.2
  Market Indices  
  NDX (NASDAQ 100) 993     1196 -  2

 

   Time your entries along with NDX.
Establishing a modest position at the beginning of the 1st up-day after a series of RED-days. 
(Tools such as the Opening-ranges and Pivots can help you to enter at the earliest moment possible, thereby providing a safety cushion.)

Don't  buy aggressively on the 1st DOWN day!

 

 Characteristics of an Uptrend é
There are a maximum number of  2 consecutive Red days or 4 Down days (White/Red  combination), whichever comes first. Please plan your\ Short-term trading Entry Strategy accordingly.

 

 Characteristics of an Downtrend ê
There are a maximum number of  2 consecutive Green days or 4 Up days (Yellow/Green combination), whichever comes first. Please plan your Short-term trading Exit Strategy accordingly.

 

Strategy for nimble traders in a Sideways Market
Take advantage of major sell-offs to BUY [watch for Red-day clusters].

Take Profits on big rallies [watch for Green-day clusters].

 

 Important Money Management Guidelines

1. Learn to take profits periodically. For example, once every 4 weeks, or QLD having gained more than 20%, whichever comes first. 

2. Don't fall in love with a stock;  fall in love only with profits !
Learn to let a stock go if it starts to under-perform the market. An individual stock may never recover, but the market always will.