Wednesday, September 29, 2010

Update NDX

$NDX - Daily Candlesticks: "


About a week ago I posted a question about the rally ending. I did not think it was so I did not comment further. It was heavy volume and it did pull back to the 10 day moving average.

On big up trends the rule is buy on every pullback until it stops working.

Now I am starting to see that we could be experiencing distribution. Too early to call but we're looking like we did in mid April b4 the fall. Need a tad more time.

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