Solid close back above the July 2006 trendline for NQ (NDX futures). Initial target on this rally should be 2004, the 200 dma (continuous contract). We still have lots of ground to cover and it won't be straight up, but bulls have the ball. Volume confirms the reversal.
Bulls lose it below 1949.
This entry was posted
on Wednesday, January 09, 2008 at 1/09/2008 02:37:00 PM.
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