$34 on the QQQ
and 9800-10000 on the DJIA
They are testing their support right now.
The Nasdaq looks as if it has broken down through its support. It hasn't completely played out yet, so we will see how it goes.

The Nasdaq has made new YTD lows, but the QQQ hasn't broken its March low and the DJIA hasn't broken its May low - yet.
I'd like to see them break because then at least we'd have an end to the sideways trend and it would be easier to make money.
The Nasdaq's chart looks less sideways and more down. I think since it lead the bull market last year, it will lead the decline.
I just want an up or down trend to play. I'd rather a down trend since I've already done the up trend thing last year. I want to test my down trend skills. Plus, almost anyone can make money in a bull market. So there isn't much challenge in that.

I saw Ordinary People again last night. The things I love about it are:
1) The setting (Midwest Autumn in the early eighties)
2) The beginning scene (trees)
3) The ending (father and son dialogue)
4) The likeable Conrad Jarrett
I was impressed that Robert Redford directed the movie.

This shows 1) why it is important to have a stop and 2) the psychological importance of round numbers (in this case $5).