The NDX continues to be a bucking bronco and daily chart is becoming tougher to find sensible patterns to trade. To simplify the pattern I've posted a line chart to smooth out the price action.
For the bull arguement the NDX is putting in some higher highs and higher lows, but for the bears it's also showing a head and shoulders type pattern forming that if confirmed with a lower close tomorrow might negate the higher lows. Tomorrow will be an important day to add the next piece to this puzzle.
NDX Daily Line Chart:
NDX Daily Candle Chart:
NDX 1 Year Daily Chart, The Bigger Picture
Thursday, December 13, 2007
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