Sunday, January 25, 2009

$NDX Update for 01.25.2009

NASDAQ 100 INDEX - $NDX

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

Weekly chart continues to show weakness with no buy signal/pattern evident on this timeframe.

Daily chart shows the index remains stuck in a trading range since the low was made on November 21, 2008. Look to next week's trading session to see whether the bulls want to make a run to re-test the January 6, 2009 high.

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