pls do not think this is an irresponsible post tempting folks to buy QID

just pointing out that a QID entry is a counter trend trade right now that potentially no one wants...is that a sentiment trade idea?

I am long QID 41.52 to 41.54..fairly large pos

later update...of all the ETF's I monitor/trade..only 3 in red right now are

SDS
QID
SRS

does not look good at the moment for shorts....I sold QID on this rally in the averages off the low

back in QID long from lower..near day low 40.'s..stop at .36 or so..VERY large position this time...looked like stop running that provided this opp to buy near day low.

still very risky trade.

red ETF's now are:

EWZ
XLU
IYR
SDS
QID

I just got a SELL within 3 days for SPX, you may have a good trade going here. I am watching.... may enter later...
mss

red ETF's now in descending % loss since the close

XLE
IYR
OIH
QID
SDS

being short refiners now has been the place to be this week


mss ...you already know that!

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now SPY is red and SDS is green...QID headed toward green, very close now.

.618 retrace of the decline from 57.11 to 40.63 would place price of QID at:

50.81 vs recent high last week of 47.78

.50 retrace is 48.87