AI
Wednesday, February 15, 2006 3:40:50 PM
NEW WEIRD CHART ---->>
It appears that NDX 1690 is the level to break being that it is the 50 day MA and as you can see by the PnF charts below, the area of a new buy signal should it be breached. So, until that level is out of the way, we are technically in a downtrend.
BUT - the Q's are actually on a buy signal. Go figure. It's probably wise to focus more on the NDX eventhough they are both the same thing.
It appears that NDX 1690 is the level to break being that it is the 50 day MA and as you can see by the PnF charts below, the area of a new buy signal should it be breached. So, until that level is out of the way, we are technically in a downtrend.
BUT - the Q's are actually on a buy signal. Go figure. It's probably wise to focus more on the NDX eventhough they are both the same thing.
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