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Strategies & Market Trends : Classic TA Workplace

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To: John Madarasz who wrote (5306)6/19/2001 8:30:05 AM
From: AllansAlias  Read Replies (2) of 209892
 
The top of the most recent NDX down channel (off the 13th high) is 1719. As so often happens, a gap opening will target exactly a technical obstacle. If we open above this line, odds favour that we'll run a bit.

Currently, the NDX pre-market indicator is calling for an open of, you guessed it -- 1719.

If we are running the final kick of a flat correction, the 'c', then the zone where this mess has to turn is NDX 1725 (min target) to 1745. Beyond that and we have something more bullish transpiring.
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