Thursday, November 29, 2007

NDX 2 Year Daily Channel

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:


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