NASDAQ 100 INDEX - $NDX
Monthly chart shows an ab=cd or 1:1 pattern into its current high.
Weekly chart shows an evening star type of candle reversal pattern. Weekly price action saw index close below the prior s/r and key LIS.
Daily chart shows increasing selling pressure and downside momentum. Sellers gapped down the open the hast three trading days in their haste to get out of their tech stocks. First downside target is the 200sma.
Saturday, November 10, 2007
$NDX Analysis for 11.10.2007
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