Weak Bounce / Watch for Rally Failure

Qqqq_101705 The rally that started three days ago has become incrementally weaker each day (volume-wise and daily-gain-wise).  Today the Cubes made it back to the 200-day EMA, but it seems the air may be thin up there, as volume came in at only 64 million shares.  Note, the rally has not technically failed yet, and in fact still has about a week to prove itself with an upside follow-through day.  We will know soon.  I added a small short position on the today’s action.  Cheers!

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