NDX weekly chart. Many expecting a repeat of last year when we rallied into September all the way to the end of the year. One quick look at weekly oscillators is telling a different story this time. We have not put in a bottom like we did in August 2004, far from it. My guess is we continue drifting lower through October, when we will find a climactic bottom of sorts. Short the rallies is still the game plan.
click on chart for full size
click on chart for full size
This entry was posted
on Sunday, August 21, 2005 at 9:54 AM.
