See #msg-8102212, #msg-8103783, from late last week, #msg-8175085 from today. Look at the EPC today, close to .8, people do not believe this rally is the real thing. They surely managed to get QQQQ pretty close to its max pain here.
NASDAQ new highs 46, new lows 144 today. Even though the nasdaq closed 35 points up after a weak open. Indicates narrow leadership at least. I see resistance at 2100.
The primary trend has been down since early August at 2200 with a series of lower highs and lower lows. It would have to break 2160 to negate that. Not seeing any indication that the present move is anything other then a countertrend rally and a weak one at that. Also not seeing anything that gives me much forecasting confidence one way or another.
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