Friday, January 28, 2011

Since the September Rally Started

This looks like the biggest decline we've seen for 1 day
 QQQQ daily

Here's the wedge that I thought would show a false breakout, it did, it's had negative divergences meaning that the move up has been distributive. When a market has so little breadth, a single stock like AAPL can do major damage-it's a double edged sword.

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