On October 20, the Nasdaq index (QQQ) took a sharp tumble.

There was basically no bounce along the way. Any rebound lasted just 1–2 days, then it kept falling. The Nasdaq’s current resistance level is around 725–730. Each leg down has been about 60 points, so another 60-point drop would take it to 660. It’s hard to imagine, but the Nasdaq could fall to 660 before November 11.

Today, Tuesday, I’m using the rebound to keep shorting the Nasdaq (QQQ).

When in doubt, short the Nasdaq (QQQ).
When you’re itching to place a trade, short the Nasdaq (QQQ).
When you want to make money, short the Nasdaq (QQQ).
This is the simplest way to make money: short the Nasdaq index (QQQ) in a major downtrend. You won’t get stuck holding a losing position, and it’s easy to make money. All you have to do is short the Nasdaq (QQQ), then get on with your work, get a good night’s sleep, and hold your short position as the downtrend continues and the Nasdaq makes one new low after another.

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