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[nimblebear]

TWM now forming a very near double bottom from May, and SDS so far showing a higher low double bottom. QID fell slightly lower, and DXD has as well. Its interesting how the 2000 or so small caps are peaking and looking to roll over or have rolled over, and the same thing is occuring with the 500 large stocks in the S&P. Dow is a joke as always, and the big stocks that generally outweigh the nasdaq like Apple or Goog, are skewing that index heavily, but near a breakdown in a lot of cases. What this tells me is that there is not enough QE II, III, or IV to manipulate the entire universe of stocks, so at best you see that in the dow (easily manipulated and turning into junk) and the larger QQQ stocks being the targets of the Feds via the POMO vis a vis big banks. Party on Garth!