Wednesday, June 11, 2008

NDX: Straight Shot to 1875

Why is it that most trendbreaks work?

I don't know, but most of them do so it's important to see them coming and to react according once they do. Lots of opportunity of late!

Looking at the daily the NDX now has a straight shot (very little support) between 1925 where it sits right now and 1875. A little bad news and it could be there in one session.

The NDX is great at trending, and once it sets course it can cover a lot of ground very quickly -- just look at the chart.

NDX Daily Chart:

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