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Nasdaq -100 Trust Ser 1 (QQQQ)
(Daily)
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A click on any symbol in your portfolio will bring up the daily E-Zone chart.
(Note: Portfolio arrows & e-mail alerts are generated by moves in and out of the daily zones.)
Long-term investors and those monitoring IRA’s and 401K’s will most likely change their charts to Weekly, and use those Entry and Exit numbers to time their trades.
Short-term and swing traders normally use the daily E-Zone charts.
Depending on their personal tolerance for risk, they will Buy at or near the bottom of the Entry Zone, and close the position once it has entered the Exit Zone.
If they also go short, they will Sell at or near the top of the Exit Zone, and close the position once it has entered the Entry Zone.
Using the weekly chart, the top of the Exit Zone and the bottom of the Entry Zone can also be used as mental stops for these trades.
Day traders use the daily charts, entering a position if it opens in either the day’s Exit or Entry Zone.
The position is closed when the price moves through the Neutral Zone and into the opposite Zone.
Trades can also be opened intra-day, at the trader’s discretion.
Day traders should take note that the day’s Zone numbers do adjust intra-day, on a 15 minute delayed data feed.
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