The Nasdaq has playable, upward fluctuations of 1-3 weeks. These are the longest, and the shortest moves, which can be inferred in advance from Nasdaq chart patterns.
A rise was signaled by a cup pattern on the Nasdaq chart October 24. This mini-rally was worth 9 days and 150 points (+8%). Traders, entering the market with the best of volatile tech stocks on the 24th sold out 5-6 days later, tucking away gains. Out of the market, they are waiting until the next decline and entry point.
The Nasdaq has now declined 11 days and 5.5% off its last mini-rally peak. It's time for traders to be aware, ready to buy those techs again at the next valid entry pattern. It may be tomorrow. It may be after another 5% decline. It matters little, they are out of the market, not riding any decline down. They know what they are looking for, the few chart entry patterns that really mean anything at all.
This is how to reap maximum gains from the market, involving no appreciable setbacks from losses. There is an ongoing discussion of this strategy by some very experienced traders at the New Breed site,