Cubes Update – Weak Morning Rally Attempt Fails

The Cubes (NASDAQ: QQQQ): 7:05 AM NYC time, May 19th: The chart above shows the entire 3.6 year rally from the October 2002 low to the January 2006 high.

After being down eight days in a row and sending various oscillators and indicators “oversold” conditions the Cubes and Mr. Market gapped up at the open and attempted to rally, only to…

…fail miserably, melting like a popsicle on a hot summer afternoon. Not much else you can say other than just be glad you’re not over exposed (you’re not, right?).

Significant risks and opportunities are coming, so make sure your positioned to capitalize on them, which means do whatever it is that you need to do to get yourself into the flexible, positive, calm and agile mental state from which you will take action when others are frozen. This applies to the coming days, weeks, months, quarters and years. Cheers!

Index of CROX postings
Crocs on

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