Wednesday, August 24, 2005
NDX Toes The LIne
Click for larger image
We are sitting right on the 50 SMA and the trendline from the APril and June lows. We might stay afloat awhile longer, but I think we are close to a severe breakdown.
AN easing of oil prices could ignite a rally, but reality will take hold, we have seen the best it can be, now we need a 20% decline to usher in the Bear, a long way from that
D
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