Saturday, December 27, 2008

$NDX Update for 12.27.2008


Monthly chart continues to show no buy signal/pattern on this timeframe.

Weekly chart shows the bulls were unable to hold their ground, anad managed to let the bears close the week lower than the week before.

Daily chart shows continued weakness, with the bulls unable to gain much traction to the upside, despite being able to maintain short term support.

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