THE DOT - if this turns orange or red be alert

Thursday, October 2, 2008

Weekly NDX - part 2

Just to show where some of the points I mentioned came from.
It's crucial that the 1500 holds or we drop another 10% tomorrow with a 'No' vote. I am not talking about intraday - it's crucial on a weekly closing basis. Since we have Mercury retrograde, one cannot be too specific but breaks within oversold conditions are negative patterns and suggest acceleration and capitulation mode. That we dropped with momentum below 1600 was a a basic addition to negative momentum.

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