Mini NQ Nearby Futures; 2900 & 789 day CIT

Posted below is a chart of NQ nearby futures, continuous contract showing several AB-CD measured moves; one to 2739 area, and the other to 2900 area. There are quite a few other projections to 2900 area, but my assumption is there will be significant sell-off in the next one to six months from near current levels. A break much above 2765 will increase the likelihood of a run to the 2900 target. The 789 trading day CIT has marked turns for some time (next due around 4/20/12), but it could stop working at any time.

Kim Rice 3/21/12