NDX tech update - overall update

Finally the NDX joins the capitulation and counts a daily 8 today which gives us at least 4 more down days and the reach of our target area at 1000 at reach. Sentiment is also getting close for a bottom but not yet as Rydex is above .70 and ISEE 10 MA at 120. In any case will the NDX mark the overall markets low but it still might be tricky as we are far below weekly Bolls hence we will see a false attempt again to the upside early next week. In any case for the non tech sector one might start to build up positions slowly on Monday definitely get out of shorts. The Obama admin should learn to speak frankly and precise about what when and address the real problems to win back trust as they have developed to market killers. We will some some surprising upheavals next week which will give us a very volatile week but overall trending lower for the NDX at least as we might get a inter market divergence. The other indices might outperform now and that's the area one could be a disciminating buyer as oil is finishing the bottom process for example.