The NDX once again is showing it's strength and bounced off channel line support. More importantly is that it's cleared and is currently holding above 2050 which had a lot of congestion.
NDX 2 Year Daily Chart (ascending channel still intact)
Below you'll see a 60 Minute Chart that better illustrates the trend break and corresponding "raising window" created by the gap up Wednesday morning.
NDX 30 Day / 60m Chart:
Thursday, November 29, 2007
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