Invesco QQQ Trust (QQQ)

Hi all - Looking for some rational conversation. If you all will notice with SPY, from the 3rd through the 10th of Sept the index went steadily down each day while the volume increased each one of those five days. Back in the olden days that methodology of decreasing price and increasing volume over a five day period was a pretty good way to tell that the distribution process has started, the big players are selling, and the index was going to suffer during the next few weeks/months. While I don’t see the same thing with QQQ, the period between the 8th through the 14th is pretty close and todays volume capped it off. My take is that the rest of Sept may be ugly, and since you’ve heard me before state that downturns now are going to be fierce and quick, it’ll be on us before you can whistle dixie. I for one am not selling a thing and indeed would love to throw more logs on the fire in QQQ, but only after a significant percent downturn from record levels. Anyone have actual data that points towards this eventuality as likely? I for one am waiting on the new margin debt levels. Anyone know when these come out?

Hearing things such as “I am 100% cash in my 401k” to “I am buying Puts” just shows that the same mistakes are made again and again by people who would be much better served by putting the money into index funds and only checking in every 6-12 months. It is not said that “when it comes to investing we are our own worst enemy” for no reason. If you really want to play I would advise reading some books such as “Irrational Exuberance” by Shiller and the Great Crash of 1929 by Galbraith so you get a better grip on what to look for in a market that is out of control. And temper that by reading on the history of the Federal Reserve and its role and powers today. I know much easier on the brain to run with the conspiracy theories, herd think, and cheap technical analysis, but if you truly want to be well off there is no replacement for actual knowledge.