QQQ's

The high octane nasdaq stocks have led this rally as fund managers chase performance for the end of the quarter.This rally looks similar to the rally that preceded the April top ie very few pullbacks and lots of gaps,low volume.Healthy,"normal" rallies have pullbacks and resemble a stair-step pattern.These kind of rallies tend to be unsustainable and the gaps usually get filled.I have only highlighted the more obvious gaps.Even the Dow Jones is showing gaps.I believe this supports the case that we are close to making another top.There is Gann resistance at 50 as this is double the low at 25 in Nov 2008