Sunday, May 18, 2008

$NDX Update for 05.18.2008


Monthly index shows the bulls have managed to regain 62% of the ground lost to the bears since the high was made in late 2007.

Weekly chart shows index above all its key moving averages.

Daily chart shows higher high made with Friday's trading action, and bulls took some profit-taking, ending the day with a small loss, creating a hanging man/doji type of candle pattern.

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