Since my topping signals have rang -- the first on 1/13 with confirmation on the close and the second on the close of 1/16 which has so far marked the nasdaq top on the next trading day -- the market as measured by the ndx has revealed a top but has been essentially flat. I said that the topping process would take time because of earnings and it has but still the amount of decline has been disappointing to date and tough to time. I still think there is more to come and my best bet is that we make some kind of bottom in the next week. I still think it is limited to QQQ $36 for now and not sure if we get that low as a target.
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