Thursday, October 11, 2007

NDX Pull Back

The NDX took a nice pull back today after JP Morgan downgraded China darling BIDU. The overbought NDX got a much needed breather and took out the lows of the last 3 days.

The NDX bounced a little at the end of the day to form a tiny bottoming tail, we'll see what tomorrow's action brings us.

NDX Daily Chart

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