The Black Box

[James Bondage]

FYI - charts are suggesting another leg down starting tomorrow. Target is QQQ $33.20. This should be a tradeable bounce for several weeks. I'm still leary about the 80 week cycle low coming up at the end of July. That 80 week low, however, does not need to be lower than this next leg down. It could be the retrench you are talking about back to the 300dma. I'm gonna give this until Tuesday next week, and then I'll start adding (once again) more longs aggressively.