Nine percent correction for QQQQ and over ten percent correction for NQ (NDX e-mini futures) from January high. We also have a 50% projection off January H/L, a nine to one NYSE down day on highest volume of the year for QQQQ and nine straight days of selling for the SOX. This was the washout day I was waiting for. There is little doubt in my mind we put in a bottom for now, or very close.
This entry was posted
on Wednesday, May 17, 2006 at 1:24 PM.
