QQQQ $38.80 last week was quite possible except for expiration. It's all a matter of time now: if the market can go sideways to down for a couple weeks, it might get oversold enough to put in a bottom. Thus, Q'4 $38.25 might hold creating a flat. If the selling accelerates, then I think the $38.00, or even $37.50 might be obtainable, creating a zigzag. It's a subdividing wave 2 so either structure would fit. Keeping a close eye on the whole wave. In either case, I'll be a major buyer of the Q'4 in anticipation of a larger advance than either the 8/04 - 01/05 or the 04/05 - 08/05 rallies. Both of which I feel are foundational wave 1's. We're seeing the same market unfolding