How far will the Nasdaq (QQQ) drop? I got your answer

The QQQ is on the way down right now, and if you have been following this blog, you aren't in anything long at this time. However, you may have some investments, most likely a 401k, and you might be wondering how long will this correction go? How deep will the cubes drop? Well, the chart offers us a decent look into things where we can pretty much look and see how things will go in the next week or so:

As you can see above, I configured the projected low point by using the MACD, the RSI and the volume in addition to modeling after the previous drop on Oct 13-15th.
In this model there will be 1 to 2 significant drop days.
For tomorrow and possibly another day, we will hold advaxis and see what shakes out.
We are also going to be doing the 3 day drop as the market is sliding down, so check back later this evening to see if I have any picks for you tommorrow. If not, check back midpoint in the day tommorrow for a midday pick to bounce.

Have a good evening,
Mark