It looks like a retest of the highs for the $NDX, for other indexes a less spectacular day..
I think we'll see this rally fail, as it looks like a retest inside of the daily Bollinger Bands on low volume...John Bollinger sees those setups at rally tops and climax bottoms...Intermediate trend change points often look like this...
2 comments:
Mark
I am in agreement with you---lets see if they buy or sell the news the next couple days as we are real close here with neg. div.
My indicators very soon will be pointing for the down. They dont look right lately so Im not doing much of anything.
Mark,
thanx
old john
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