Nasdaq update: Big selling day

1613 cst

• waiting for a weak 40 day trough to arrive, but it may not be evident with this selling

• break above value area high of today is a long

• below 11900 seems to be dangerous for longs

• seems that it didnt move after -1000 NYSE ticks all day

• largest volume in 7 months

• suggests a move higher tomorrow morning

• rallying to the value area high and failing to get above in the first 90 minutes will probably find sellers going into mid week.