QID-A beautiful Chart set up

QID - A beautiful Chart set up

Look at the 5 days chart of QID. It is a beautiful chart set-up. Once breakout, it could run to 35, very easily. Previous, I have predicted QID will run to 34, now I increase my target to 35, at least. I still hold my QID, bought at 31.



This morning, I mentioned the European stock market's intra-day reversal. Here is the quotes
"Most Asian stock markets are down. But European markets are UP. However, finally, the European stock markets plunge hardly and show a intra-day reversal. Will the US stock market repeat the same pattern today? Let's watch and learn."

So far, US stock market has followed the European stock market and plunged as well. Will it continue to the end of the day ? Very possible, but not guaranteed here !

In yesterday's market close comments, I drew the below conclusion: " The market correction may continue until the marked line in the picture is broken out." So far the down trend line, I drew here about two days ago, still holds well. More reviews will be posted later tonight after the market close.

Last Friday, we have warned the below message: "Based on the moving pattern of QID this morning, I feel that yesterday 's 1,879.92 of NASDAQ may be a top/high for some time. " So far, it works pretty well.

Hope you all will enjoy the market's up and down. But don't get hurt or confused !