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Market Update 2009.05.10 (NQ)

10. May 2009
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I wanted to share a weekly chart of the NQ, which also looks set for a fall.

Notice we hit the top of the fork and the 50% retracement at the same time.  Also, the stochastic has clearly rolled over, and, for those AGET users, we have a false bar down with the osc returning to zero. 

 
 
Also, taking a measurement of the last time the stochastic went from OS to OB (left arrow), we have traveled the same distance (100% move) at 1411.75. 
 

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