Thoughts and Insights on the Markets, Economy & Crowd Psychology
Friday, November 9, 2007
NDX Daily Chart: Pull Back to 100% Fib Level
The NDX gapped down on the opening this morning, and so far has found support at the 100% fib line. With such a fast move down, a relief bounce may be right around the corner. If not, the next fib support is at the 2000 level.
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