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Strategies & Market Trends : Classic TA Workplace

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To: Jack of All Trades who wrote (51704)	8/29/2002 12:07:17 PM
From: AllansAlias	Read Replies (1) of 209892

Yes, that's a tough little spot here. For NDX to make the climb from right here, for the next 10 points, it has to fight horizontal resistance, the down channel (your fork), and the gap it made yesterday. It would be much easier for the poor thing if it first backed off, then took out the down channel (fork) from lower down, then dealt with the other stuff on the ensuing brother leg. Just now, it is nibbling higher taking the hard road stright thru in a take-no-prisoners fashion.

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