QQQQ- Where do we go from here?

The dotted lines on the QQQQ chart were broken decisively on Friday. Based on past history, it has been seen that the next stop for QQQQ would be the lower trendline. This would mean that the QQQQ would test the low 51 range. This is very simple analysis based on past data on chart. Don't worry what the talking heads on TV say. Just follow your chart -All the answers are right in front of you.

As far as my stocks are concerned, I had sold all DRYS and 1/2 FSLR over the past one week. Sold 1/2 BIDU on Friday when it did not participate in GOOG rally. Will be waiting and watching for the correction to end before entering any long positions. DRYS broke the 9EMA after a very long time, so it seems to be a good short if you want to battle with BDI.

Waiting for VMW earnings, will sell 1/2 before earnings.

Good Luck !