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Bad News For NASDAQ

|Includes:AAPL, PowerShares QQQ Trust ETF (QQQ)

The NASDAQ Daily Trend Model issued a SHORT signal on September 26th @ 3094. Today it is breaking below it's 200 Day Moving Average @ 2935. If it stays below this level, it is likely to test and possibly break it's September, 2011 low @ 2500.

Disclosure: I am long QID.

Stocks: QQQ, AAPL