Saturday, March 08, 2008

$NDX Update for 03.08.2008


Monthly chart shows continued weakness. Look for index to stay below the up trendline in place.

Weekly chart shows continued weakness. No buy signal/pattern evident on this timeframe.

Daily chart shows that the Nasdaq broke it's prior low, which was made on January 23, 2008. Friday's price action produced a doji/spinning top candle pattern. No buy pattern/signal evident on this timeframe.

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