Friday, January 2, 2009

Now we know what the crossover was meant to do on the $NDX...




The crossover, on 12/29/08 corresponded with a recent low on $NDX, right at the dark blue ascending trendline...Normally I've seen trendline bounces associated with reaching a time node, but this is the first time I've noticed one associated with reaching the timeframe of a crossover...But certainly it's not a totally unreasonable outcome...

The top picture is a "blow-up" of part of the bottom picture...

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