The Q's appear to have reversed. This would not be surprising because the Q's have led the uptrend. It is only fitting that the Q's should lead the downtrend. The chart of Friday, Jan. 21, 2011 is posted. Relative strength has reversed. The 10 and 20 day moving averages have been pierced. MACD black line has crossed over the red line. Full stochastics black line has crossed over. All the indicators indicate a downtrend has started. However, The DOW and the S&P have not yet confirmed the downtrend. A patient trader will wait until all of the averages have reversed trend. A less patient trader would sell his positions and either go into cash, or, short the market. I am short the Nasdaq market. I will cautiously watch the indicators to see if this was a false start.
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