Thoughts and Insights on the Markets, Economy & Crowd Psychology
Monday, August 13, 2007
NDX Sideways But Had the Strength Today
The NDX gapped up, opened big and held onto those gains most of the day, but finished the day near the intraday lows. There's a wedge-like pattern forming on the 30 minute chart, and so far it's holding the uptrend.
Keep your eyes on that trendline as a break may send it testing the lows again.
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