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Mr Nasdaq

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Mr Nasdaq

Re: Vestor_2000 post# 85

Sunday, 05/14/2006 7:05:10 PM

Sunday, May 14, 2006 7:05:10 PM

Post# of 280
Hi Vestor, I'm not seeing a "Positive Divergence" from the MACD that you are seeing on your attached chart of the $NDX:

http://bigcharts.marketwatch.com/intchart/frames/frames.asp?symb=%24ndx&time=&freq=

What I see is a MACD that has dipped to the same low that it was at when the $NDX last visited 1635 in early March.

The MACD may be even a hair lower as of the close on Friday than it was in early March...and with no sign yet of turning up.

That puts the odds in favor of still lower prices on Monday.

How much lower before a bounce materializes is another question.

We shall see.

Buy at Support

Sell at Resistance

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