Saturday, August 04, 2007

$NDX Analysis for 08.04.2007

The monthly chart shows 2 dojis for the months of June and July, signaling indecision of traders/investors, and profit-taking.

The weekly chart shows more clearly the selling signal.

The daily chart shows price trading below the 8ema and the 34ema. look for the 200sma to be possible support.

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