Sunday, October 31, 2010

QQQQ Trendline and 93 TD Vibration on NDX



My previous post includes a chart showing potential price resistance in the Nasdaq around the 2517 area http://markettime-patterns.blogspot.com/2010/10/nasdaq-reaches-price-projection.html .

Posted today are a few charts showing more analysis that's leading me to think the stock market may be making a top. If the 93 trading day vibration continues to mark turns, we shouldn't be surprised to see a spike up and reversal down on Monday 11/1/10. Looking to add to shorts with stop remaining at 2540 for now.

Kim Rice 10/31/10


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