Friday, October 24, 2008

Futures are sharply down...Here are premarket charts..




The exponential charts on the $NDX show possible resting points at just below 1150 and 1100..

Here are three important $NDX charts, about one hour before the open today on Friday the 24th...
Notice we are still at the .25 node on the top chart..A buy condition is usually when you are at a .25 node and one of the trendlines is touched and/or slightly exceeded.. That condition may be attained today..
If someone put a gun to my head, I would say the bottom chart will provide the lower bounds for this move. If anything does...!!!

No comments: