Buying Blindly

Goes completly against all I believe in. That is why I called my mom and told her to cancel the buy order…for now. I think the market can still decline precipitously before “the bounce” materializes. I told her that the QQQQ needs to trade below 25 before she should buy any position in QLD. We are down to important level, but we could still see a climactic flush. The dow is down 75 as I write this. There is no reason to be in a long trade yet.