Wednesday, October 15, 2008

Current chart looks basically the same as several days ago...

I was going to update the charts today, but since we are in the same approximate price point as on the 10th, the charts are really about the same. Today we sit exactly on the .25 node shown in the bottom $NDX chart of three trading days ago, which means the chart can be corrected one millimeter to the right. Everything else is the same. There is a chance that the $NDX could go down and tag that lower trendline I mentioned in that post, and do it within a couple of days of today (10/15/08), keeping it as a valid .25 node, since a little slop in timing is O.K.

2 comments:

lagscrew said...

Hi Mark

just checking you out like I do everyday----thinking a test of the bottom here--TWM and UNG

Got to be quick thats for sure

LAG

mlytle said...

Hi Lag,
Today's action does look like a successful test of the bottom of the 10th. This nascent rally looks more convincing now...

Regards,
Mark L.