QQQQ, 2008/08/18, after the first rush (pic)

I had said that I'd like the chart more if NAZ actually peaked on mid day 8/16 at 38, falling back to the current little uptrending channel and slowly rotate on, and said 39 will be a very nice mid term target... but it jumped to 39 right away (probably half due to OE) now the first rush quited down, is this a bearish time? maybe for first 2 days of next week, but it's hard to be so if we pin for the mid term.