Question by DreamTai user Scott:
What is your take on market going into recession mode. Is it best to be into funds such as QID?
Dear Sir,
No one knows the answer to that question. Neither big institutions nor hedge funds nor the so called "experts". ( Otherwise, they would not have lost billions gambling in the sub prime mortgage sector :-))
Here we just use DreamTai, see the charts and interpret the buy sell signals and make profit from the signals ( or sometimes make loss within our risk control parameters).
Have a look at the Dow Jones Index below. DreamTai gave a SHORT signal right on Jan 1. Since then, it has just been downhill for the index.
As long as the index is below the red line and the blue line, it is in a downtrend.
Similarly, Apple Computers is also in a downtrend.
Google (the darling stock of the masses ) is also in a downtrend.
The stock you suggested QID is actually an ETF called UltraShort QQQ ProShares.
DreamTai shows it as a buy with an Uptrend.
Similarly, DOG (Short Dow30 ProShares) is a BUY
So, just follow the trend and get off it as soon as it changes !!
