Gleno, it'd be great if Nasdaq would drop one more day and have another trinq greater than 2. Scamman use to talk greatly about the double deuce being quite rare. Meaning greater than 2 back to back Trin or Trinq readings which means a strong bounce is coming in a few days.
Anyhow, here's some stats. We recently have had 7 straight down days on the $NDX.
Look at the past 7 days and the big strong red sell volumes.
It'd be nice to get a flush out and a re-test of March lows at ~1670 followed by a nice bounce during the next Brad turn date which is after the FOMC meeting 9/16 and after OE 9/19.
Old article from this past January 08.
"Crazy eight Commentary: Eight losing sessions in a row usually followed by gains"