ajtj99's Market Pulse

[ajtj99]

Shack, look at this NDX 30-minute chart and notice how the 1204 August low, the 1280 late Aug low, and the Friday low all seem to have the same "look" to them, like a cup and handle or inverse H&S.

http://stockcharts.com/def/servlet/SC.web?c=$NDX,uu[h,a]eaclyyay[d20030801,20030909][pb20!b50!b200!c...

If we take out 1361 NDX it's a warning that things are different. If we take out 1354 it's a sign that we may have a deeper correction.