Looks like your Trip top will get busted on the upside if your talking about the one starting in mid march. I see the 200 day MA on the NASDAQ has turned up. Is this a sign? The 200 MA will certainly come into play in the near future since so many follow and act upon it.
The market might be overbought for the near term. The NASDAQ looks like a pull back has started. But just remember this. The so called "bad economy" is mostly a fabrication of the left leaning mainstream press. If the dems were in power a different story would be out there. My point is this: The market has been overdone on the downside and ready to go up. I think we are getting ready for a good intermediate term rally. I don't care one way or another sice I can make money no matter what, but I am concerned about others.
Aj I have just the perfect solution for you. Mind over matter. Possibly it is even correct. Discount that long thin gravestone doji gap up reversal as it it was not there. Now you have a perfect double top. The more I loook at that thing the more it looks like one of those bad data spikes we see on QQQ prices all the time. You know and I know that it happened but compared to the entire rest of the chart it looks so so out of place as if it really does not belong. Do you agree? Since it does not belong, treat it as if it is not there. Voila.... double top. Even the stochastics show it is not there LOL.
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