Short Term Trading Member Forum

[techcharter]

NDX Broke LT Support

The suuport line drawn from the Oct '02 low, and connecting several of the lows the past year has been broken. This is what happened to MSFT 2 weeks ago. When I posted MSFT broke support I said MSFT is a model for the rest of the market, and the market had some catching up to do. Since then DELL and CSCO choked. GOOG is ready to all out crash. The NDX price pattern is calling for more disappointing reports over the next 1 year.

http://bigcharts.marketwatch.com/intchart/frames/frames.asp?symb=ndx&time=&freq=