Man, what a prediction. What a move. Tuesday I sent you a video on SMH, the semiconductor ETF, and told you two measurements agreed on where it was headed. A bear flag that triggered October 30 and a fib extension, both pointing at the same spot. Today SMH dropped more than 10% and landed right on it. The writing was on the wall. We traded it in The Close and made some bank overnight. If you took it on your own, write in and tell me what you made.   Now the question is what’s next, because we hit the extensions and the fib has nothing left under it. The moving averages are cleared. So I pulled up a third tool, and it shows a zone under here with nothing holding it up. I’m looking for one more big leg. In the video I give you the target, how far

Wednesday’s relief rally in the Qs was a joke. You just know it. I pulled up the Qs yesterday afternoon and before I drew a single line I’m like, I bet you this thing is sitting on a Fibonacci level right now. I’m not fibbing. I see Fibonacci everywhere, and as you guys know I’m from Planet Palm Tree so I’m not even from this world. So I pulled the fib. And there it was… The Qs ran right back up into the spot they broke on Friday and got slapped. Everybody saw the Dow up 3% and called it a bottom. I saw a retest, and there is exactly one level on the Qs that tells you which of us is right. One thing first, and I promise I’ll only say it once. The longer a market consolidates, the more likely it drops. The lower it sits inside that

All eyes are on the Qs today and I get it. But if you really want to know where it is headed, you want to pay attention to the thing that drags it around. One ETF trades so close to the Nasdaq that a lot of traders call it the tail that wags the dog. Last week it gapped down, sold off hard, and bounced. That bounce is the setup. And yesterday the setup fired. A pattern can show up on a chart all it wants. It isn’t a pattern until it’s triggered. This one triggered. I measured where it goes next two different ways, and the two answers landed 10 to 15 points apart. I got the same answer twice. Now we’re in the storm. In the video I show you the ETF, the support it’s sitting on right now, and the level I’m looking for on the next