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Saturday, March 15, 2008 11:17:29 AM
One would think that the interventionists would win.
The Weekly put in a white candle (barely)..but PPO and MACD histo are trying to turn up from low levels. I think the old saw that it's hard to fight the Fed is probably true. There is just too much at stake in terms of IRA's etc., most of which can only hold long issues. I don't think the interventionists can afford to fail, and will go to any extremes to win.
http://stockcharts.com/h-sc/ui?s=$NDX&p=W&yr=1&mn=11&dy=0&id=p60654294112&a=80525275&listNum=1
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