NASDAQ:QQQ POWERSHARES QQQ TRUST
To me it seems likely that QQQ is forming a long term so called "double top". Wave C is 2.62 X A. I will short when there is a daily candlestick formation with shorter term current up trend line break. You may want to watch closely. Have a great weekend.
IFFF this analysis is correct. absolutely but I was wrong once....................actually several times. But if correct then long term we would be starting a long term bear market. Which statistically is crazy to call after so many years of going up. So you need to trade based on your ususal signals. (trend lines, candles, indicators, etc.). This just helps me to anticipate to be ready to trade when the signals occur. Plus it all depends on your time frame. Take care.