Nasdaq Plunges On Large Volume #QQQ #SPY
I really thought after Thursdays sell off we would see somewhat of a bounce potentially with Yellen or Draghi with one of their encouraging speeches. However the markets continued to plunge. Time will tell if this is the beginning a correction, bear market or just a small retracement in the greater move of an extended old bull market. I built on Metastock a market timing formula very simplistic in nature. It is not perfect as nothing in trading is. There will be some whip saws, however for the big moves one stands the potential to stay on the right side of the market.