1-2-3 Reversal Update

Qqqq20061222

The Cubes (NASDAQ: QQQQ): 6:15 AM NYC time, December 27th: The possible 1-2-3 reversal formation noted 20 days ago on the Diamonds (AMEX: DIA) appears to have been completed, as highlighted by the “3” on the chart above, which marks…


…the close below the low at point “1” as well as a close below the 50-day EMA. Stay tuned over the next few trading days for either confirmation or upside reversal after a downside headfake. Cheers.

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