The short term model is not quite "too high" yet, but it is close and I think that the risk of holding the trade longer could outweigh the reward as we near the highs from early last week.
QLD is at 89.75 as I write this, up from the entry at 84.35 on Tuesday, for another nice gain of 6.4%.
So far that is 4 for 4 on the trades using the short term model.
Past Trades:
QLD 4/9/08-4/16/08 = 2.87% gain
QLD 5/6/08-5/12/08 = 2.73% gain
QID 5/15/2008-5/22/2008 = 2.46% gain
QLD 5/27/08-5/29/08 = 6.40% gain
Pete
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