In my end post, I mentioned that book has been exploding inwards such UltraShort ETFs equally QID, which takes a double-sized brusk rank inwards the NASDAQ 100 Index.
Because QID (and its S&P 500 Index equivalent, SDS) expresses an aggressive bearish sentiment on the market, it powerfulness live on ideally suited to serve equally a sentiment gauge. Influenza A virus subtype H5N1 await at the merchandise information finds that at recent marketplace bottoms, such equally March, 2007; August, 2007; as well as January, 2008, daily QID book has expanded to twice or to a greater extent than of its average trading volume. That is, traders appear to teach nearly aggressively bearish simply equally markets are making an intermediate-term low.
It's inwards that vein that I note, alongside Friday's strong decline, that trading book inwards QID did non demonstrate whatever expansion. Indeed, it was slightly below its 20-day moving average. It's when the ultra bears teach ultra bearish that I volition live on nearly probable to await for a meaningful marketplace bottom.
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NASDAQ Volume as well as Sentiment
Sentiment as well as the Last Hour of Trading
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