Tuesday, June 10, 2008

Todays little rally on the $NDX...



Not much to get excited about..you can see the convergence of trendlines above the price action in black that helped define the top on the 5th of June....

2 comments:

Unknown said...

So, about NDX 2000 should stop it this week?

Thanks,
Blaine

mlytle said...

Hi Blaine,
At the worst yes...some of those trendlines will be descending into the current range tomarrow...so there will be a lot of downward pressure...

Regards,
Mark L.