Notice that $NDX is also approaching a .5000 node, but it is further out. Right now I lean towards the $SPX charts being a better indicator of a proximate bottom. The .5000 node on the middle $NDX chart is at around 5/26/09...Note that there are major crossovers forming (both primary and second order)on the upper chart(1.382) that will come in around 4/1/09, and that may be significant as it's in the range we see for the .500 $SPX node at 4/7/09...
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