QQQQ CRASHES

James Altucher of realmoney.com wrote a book called Trade Like a Hedge Fund and in the book he details a trading strategy called "The QQQQ Crash System." Guess what; the system triggered a buy signal yesterday and according to the strategy, which has been correct 100% of the time (61 out of 61 trades successful), one buys the QQQQ on the open.

The crash system triggers a buy when the QQQQ closes 1.5 standard deviations down from its 10 day SMA. According to the book, using 1.5 standard deviations guarantees that the move is larger than 90% of the moves the QQQQ has made in its then four year history.