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AAPL, NASDAQ And The Intermediate Trend

|Includes:ProShares UltraShort QQQ ETF (QID)

The Nasdaq Daily Trend Model reversed SHORT last week, due in relevant part to weakness in the shares of Apple Computer (NASDAQ:AAPL). This Trend Model has been leading the market both UP and DOWN from the 4th quarter of 2011 through the first three quarters of 2012.

Disclosure: I am long QID.

Stocks: QID