NDX Monthly Chart:
Monday, November 17, 2008
NDX Monthly Chart
The Nasdaq 100 continues to get smacked and is now resting on the backside of an old monthly downtrend line. The next major support on the Monthly Chart is the 2002 bottom at the 800 level. Looking at the monthly chart, the current red bar is still solid, indicating that the move still has momentum to move lower.
NDX Monthly Chart:
NDX Monthly Chart:
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