We completed the 6th day of the new QQQ down-trend on Wednesday. The Worden T2108 indicator is at 10%, up a little. I wish I had the courage to buy a little of QLD. The Worden T2108 indicator rarely goes into single digits and is a sign of an extremely oversold market. I saw this interesting article about technical analysis this morning. Technical analysis always works better than fundamental analysis when markets decline a lot. Technical analysis tracks human psychology and behavior. Fundamental analysis is based on company “facts” and subjective interpretations about their business.