Wednesday, December 19, 2012

We should see a little relief bounce

I don't expect a big deal here, just a little relief from the early downside move, kind of like a steam check valve letting out a little pressure.

If you want to see how I picked this up, take a look at the intraday TICK.

Here's some early additional damage done to the QQQ 5 min chart, this is interesting because it's sort of a long timeframe to move this early.


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