Nasdaq leading the way down

Currently since the change in trend last week was triggered the Nasdaq has lead the way, weighed down by tech heavyweights such as Google and Apple (charts of the Nasdaq and Apple below). This is the most developed downtrend so far, with the pattern of lower highs and lower lows clear to see, coinciding with the channel lines signalling a breakdown.

Google - another example of following your exit signals

In my previous post I referred to the circuit breakers and trading halts put in place after Black Monday. By coincidence, we had a trading halt called in US giant Google's stock yesterday after it's latest earnings report was released into the public domain several hours too early, and which lead to a sharp plunge of near 10% in a matter of minutes.