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The MIT Experiment - Day 8


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This is todays QQQ screen shot of the chart that I posted Monday.

I drew in the Mondays falling wedge with the aqua arrow... It is now gone.

 

I think this could be one of those inflevtion points.

 

Two things could happen.... imo

 

1. The qqq pushes on up and the bottom support line flips up creating a new narrow rising channel.

 

2. The price falls and the falling wedge resumes.

 

pressure exerted on charts keep them in flux all the time.

 

Seems until this thing gets back into a definite trend ( maybe never)

Traders, Market Makers and Specialists will have a grand time.

post-3-1046368662.gif

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