DIA chart, out of woods yet? 2007/11/02

I guess glass is always half full half empty. Half full that this time around, the fear (that banks have more liabilities) is not as much the last time around, and Feb/GDP/jobs etc has been supportive, QQQQ is on year high,

which is, of course, everyone's position on the day Fed cut,

but I'm not convinced that the danger is over, if only from the chart, on 8/11 we had test on previous short term support too, Dow came back from 150 point deep there,

so the battle may still be there, but not sure it's Monday or Thurday, and maybe Monday has some little edge now,

difference, of course, is much less pain,

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if the rally is to come Monday instead of Thurday, it might still a better percentage play to take profits on super high positions, and start to shift into more year-end plays,