itzawlova......I think you would get a much different perspective about where the naz is headed if you looked at an 8 year monthly chart..with its 200 month moviing average...which btw is still rising....2300 on the naz should come relatively soon.....
As long as the lower line of the uptrend channel holds you still have your uptrend,Larry:) It is as yet undamaged.Max P.S. My uptrend channel was rather hastily drawn, given that small area i had to draw.