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Tuesday was 19th day of current QQQ short term down-trend. Asia is surging back.   I will wait on sidelines until the GMI issues a Buy signal.

Put/call ratio = 1.05, indicating continuing bearishness among option traders. We therefore could see some   strength on Friday.

With the put/call ratio at 1.17, a continuation of the   bounce is likely. IBD still sees market in correction.