Friday’s trade continued to be volatile and profitable with the NQ reaching session highs within the first hour of trade at 14767.  It basically was all downhill from that point with several rounds of strong selling throughout the balance of the day.  Current analysis continues to show the NQ being in the process of tracing out a Minor wave 3 down.  Within wave 3 there will be at least one extension which is in progress now off of the Globex high on Thursday at 15052.  Currently the NQ is best viewed as tracing out a small 4th wave bounce as Globex gets going on Sunday, with new lows under 14170 likely before the U.S. begins to trade tomorrow morning.  I discuss the degree the NQ is dropping in and how that compares to what we have seen thus far.  The NQ still has a fair amount of downside to cover before the Minor wave 3 is complete support comes in at 14083, 13959, 13828, and then 13721 to 13700.  Once complete expectations would be for a Minor 4th wave bounce and an additional Minor 5th wave down. Ultimately to complete the larger Intermediate wave C down the NQ support comes in at 13616, 13530, 13359, and then 13092.  At this stage I can’t rule out a break below 13000 with a continued slide lower with support then coming in at 12930, 12844 and then 12188.