Change of Plan

Went long at the open at 36.61 on the QQQQ. Stopped out at 36.45. Went to a long meeting (PhD dissertation defence - environmental research in China was the topic) and then came back and went short again at 36.71 with 3000 shares this time instead of the 2000 + 3 option contracts in the Roth the first time. The stochastic is below 20 which is the persistent oversold state and though other diagnostics from the model didn't suggest that we were persistently oversold, and looking at the S&P 500 index would hardly make you think so... I should probably have just stayed short. Anyway, I am up for the day at this point and that is what matters I guess. The market looks like going lower than today's low so far. The whole correction from 3 July looks now like a double zigzag in E-Wave terminology. This morning was the end of wave A of the second zigzag and now we are in the wave C of the second zigzag.