Zeev's Turnips - No Politics Message Board

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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: Steve Lee who started this subject	3/26/2002 10:52:27 AM
From: HairBall	Read Replies (2) of 99280

NDX Intraday Chart... My QChart “Intraday” NDX (NASDAQ 100 Index) 15-Min Semi-log Chart *Note:* As some permabears may have you believe the decline did not start Friday, but on 3/11 for the NDX, COMPX and NAZ Futures and they have been in declining consolidation patterns since. However, all three indices’ price action has traced out falling wedge formations. These formations most often break up. Today, the price action in each indice tested its respective support line. In addition, one might note that the NDX put in a intraday pivot low right at the 61.8% retrace level (1422.94) of the rally of the Feb02 lows. As always have a Plan B, keep an eye on the support lines for a negating break (more than just a violation). My QChart NDX Chart can be viewed at the link below. Click on Chart 3 lgscharts.homestead.com Note: This chart is a double screen capture and is extra wide. Regards, LG Disclaimer: The above is my opinion only and I reserve the right to be wrong. An overall market expectation is just that and should not be used in exclusion of the evaluation of individual equities or other investment instruments. Do not base any investment decision solely on any one person's views or analysis, especially an anonymous message board poster such as myself. Do your own research and take responsibility for your own investment decisions.

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