Market Update

The TICK Index is looking really nasty, it doesn't hit these levels very often. Probably not even once a week.

-1250! Wow. The Q's are showing some volume (green) and still showing positive divergences, the SPY is catching up and the DIA is falling behind-my guess, multinationals in the Dow are being repriced. MCD is acting worse today then yesterday.

Still thinking the Q's will lead the way. The Tick has got to let up though, no amount of institutional buying can compete with a tick at -1250. The Q's did test support a couple of times where the volume has been getting positive and just broke below which may be a head fake and may lead to the start of a move. That head fake provides the initial fuel for a move up when the shorts cover.

All in all though, this appears to be the reversal I've been talking about and feeling for the last few weeks, I think this is serious. We'll see if the channel can be approached or not, if not, then things just got out of Brian Sacks control.