NDX followup

This morning we talked about trendline support on the NDX, but it didn't hold. Probablilites were to head lower, but it reversed and chopped around the trendline for a while before heading higher and finding some support on trendline in the afternoon before spiking higher on the Greenspan comments. The topping tail signaled the end of that rally and we continued to sell off before getting a little bounce at the close. On the daily we formed another topping tail so we'll watch carefully tomorrow to see if we continue the move downward. Don't be surprised if we reverse and head back up just like we did last Thursday after the heavy selling. The intraday price action was volatile, but still showed that there were plenty of buyers willing to step up and buy. Be careful out there tomorrow. I wouldn't be surprised with a strong move in either direction OR another day of both like we had today.