15th day of $QQQ short term down-trend; skeptical of rally


The Worden T2108 has held and   is now back to 20%. It is very important to study carefully the quality of the next rebound.   I suspect the rebound will not break the current down-trend and that the decline will resume with a vengeance.   If the major indicators rebound to their 30 week averages, I will transfer some of my university pension money out of mutual funds and put it in money market funds. It will take a lot for me to trust any market rally. This decline is still relatively small and I have not seen enough panic to suggest a sturdy bottom.

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