We are in a bounce this week and early next week in the [[QQQQ]]. Here is a weekly chart of the QQQQ and you can see that we are clearly over extended above the upper trend line. In the next few days we will test the high on 8/8 at 49.06. That is the time to short or buy the [[QID]]. I believe that we will go down to 45.50 first, test that swing then head down to 42.50 swing. I would start buying the QID in the $43-44 range.