LC..Thanks..I see the ADX 9 on the 30 min is rising sharply..Guess that is signaling a strong down here..So when we bottom, ADX will be at the top..Then will you wait until ADX moves back to the bottom before putting on a trade??
Little Chico..I don't think the August 16 bottom we reached was the tru bottom..I think we were headed down the tube when the Fed stepped in and stopped the natural market forces from reaching their proper level..I think we will move on down and satisfy the monthly technicals...I sdon't know how far down, but I'm thinking the Monthly 20MA which is around 43.00 for QQQQ..Guess we see..
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