Sunday, August 3, 2008

Looking Forward with the NDX




On the daily we are over sold and building a base or is that resistance? Use the fibs we lost the 31% fib mark and are trying to get back to it. We did hit the 23% mark and usually if we bounce off the 31% mark we are going back to 0%.




On the weekly chart we are still in an uptrend with intermediate over sold conditions. MACD is mixed which I would see a neutral.

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