Thoughts and Insights on the Markets, Economy & Crowd Psychology
Wednesday, January 16, 2008
My Big Fat NDX Doji
The Nasdaq 100 had a wild 58 point range today and ended up closing 21.80 points lower at 1872 near the 1875 support level. This close formed a "high-wave" doji on the daily charts showing a high degree of uncertainty in the market.
Tomorrow will likely have similar volatility as the NDX fights to find a direction.
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