ndx...
last friday's close, whether meaningless or not, many an observation made of this repeated pattern to see a late surge only to have the proceeding day retest its inception
as the NDX saw its way down to 3750, made a bounce and decided to visit Mr. redundancy, a place visited oh so often by bulls and bears at 3730+/- as we maintained range bound 3600-3800....
so nice to see artistical merit reap its rewards as the picture painted at 3730 buy signal, 3750 support with each bar test adding to confidence in early morning, grabbed my favorites on the long side, read a few posts, and just monitored the rest of the day. We closed above 3871, how nice.
volume seemed faily light in the pre afternoon trading, with thoughts of 1.3 billion shares at best for the day. However, volume picked up in the afternoon as a result of a possible technical buy signal, and finished above 1.4 billion.
Lots of great opportunities as so many stocks mirrored the ndx chart, all serving as flagging patterns, or some form of, as we ascended into close.
Pretty cool, now we start dialogue on follow thru, or failed this and that...
FOMC meeting next week...
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