Good point, Justa, about 1022 NDX. Look in August at the top and see that it even had influence back then:
stockcharts.com[h,a]daclyyay[d20020603,20030303][pb20!b50!b200!c13!c20!c50!a1022!d20,2!f][vc60][iUb14!La12,26,9!Lg!Li10,10!Lh5,5!Lp14,3,3!Ll14]&pref=G
Here's a monthly chart showing 1022 NDX going back to 1997:
stockcharts.com[h,a]maclyyay[d19950603,20030303][pb20!b50!b200!c13!c20!c50!a1022!d20,2!f][vc60][iUb14!La12,26,9!Lg!Li10,10!Lh5,5!Lp14,3,3!Ll14]&pref=G
It may be important because it's the October 1997 closing low, and that was an important low. |