Lemmings a-running

AK Trend Review Thursday

Whenever AK makes a trade, a profit target is set. Either the profit target gets hit, or the trend flips the other way. The yellow line in the 4 hour QQQ chart above is the profit target for that time frame. A cross of that yellow line - even intraday - is our cue to take profits on the remaining QLD position to go all-in cash to await the next trades.

It remains too early to tell if the rally is the real thing, or a bear market cleansing ahead of the next collapse phase.

Tomorrow is likely to be a very interesting day, having push-pull churn around that yellow line written all over it.