Wednesday, February 1, 2012

An ebbing tide: patience with the NDX100?

NDX100 Daily Chart: Close @ 01/31/12

Small range day for all US indices, reflected in the very small McClellan Oscillator readings; now signalling a 'major move' by week's end.
'Over-bought' stochastic studies once again suggest that the move should be lower. 3rd time's a 'charm'???