About med-seven is the President and Founder of FreeTradingVideos.com, Inc. (FTV) dba Grok Trade and FreeOnlineTradingEducation.com. He created the company out of a desire to equip traders with the education and skills necessary to survive today's market.
In 2007, I am on public record (via Youtube) calling the market crash BEFORE it did. I warned my followers of a looming market correction. Some heeded my warning, others did not.
This is YOUR WARNING August 2015. Major market correction expected.
QQQ delivers large lower shadow on hammer-like candlestick on the daily chart on large volume.
MY TRADES: Unloaded my short (hedge), and re-added to longs positions and new long positions. Poised to exit longs and go short quickly if market drops.
This is a stock the recently had a nice run higher and has since pullback, just like it's supposed to do. Now that it's in a buy zone for a bull pullback and we have an inverted hammer reversal candle I am looking to go long on a move above $4.