Teresa, Great Market Analysis (July 13)
Unlike Custer, I have a strong feeling that the $NDX has indeed made a "last stand" test and survived(love those 2B's), heading upward from here, but of course only time will truly tell.
Whats interesting is this bottom chart formation(since April low) is very similar (opposite) to what happened after the March 2000 high : quick selloff,sideways consolidation(more or less),then another rally attempt in July,failing, then rallying into a final (2B) test in September, and downward after that, until last April.......Hmmm,can't wait to see what happens going forward from here, feeling its time to step up the (long )swing and position trading.
fftrader |
