Observe, Learn, Act

To share and learn trading ideas on stocks, options, futures, warrants, forex, etc ... Mainly dedicated in analyzing Tech

Wednesday, October 29, 2008

Nasdaq-100 index movement Oct 29th, 2008

I wanted to show what happen to price when faced resistence.  Below is the intraday chart for NDX and its daily chart.  The daily chart actually got to the 20EMA resistence, from the intraday chart we can see how strong the resistence was.  The bulls were slammed twice after 3pm


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