5.12.2006

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.

7 Comments:

Anonymous Anonymous said...

In regards to your reference to "Trade like a Hedge Fund"....obviously you liked this one aspect enough to reference it, but as a whole, would you recommend the book?

Thanks!

11:09 AM  
Blogger DAVID said...

I would say the book is ok- Not my favorite but ok-

11:12 AM  
Anonymous Anonymous said...

QQQQ is at 38.23 in afterhours. It doesn't look like it'll reach 40.74 within two weeks, which requires a 100 point Nasdaq rise. Anyone who followed the QQQQ Crash System lost lots of money the past two weeks.

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