I commence with my gratitude to The All-KnowerUS Markets gapped down on 03/11/11 and reversed, as I suspected. I was able to issue an alert in time to save you from keeping shorts (hopefully). QQQQ reversed in the area of my profit target ($0.22+) as shown in my chart posted previously.
Markets are ready to continue their decline again. However, I shall be cautiously watching the price action in the first hour of the markets, and see it is looking to retrace a bit more, before it plunges again. Otherwise, it might very well GO down after a sideway move in the first hour.
