OK, we are back in full force with our much improved (for everyone) schedule, so let's start again at the beginning.
This is the weekly chart of the [$NDX], the NASDAQ 100 Index. Weeks ago, we put the pair of parallel blue lines on this chart. The lower line was used to mark a potential neckline, while the upper one was used to project how high a right should could potentially bounce.
So far, the upper blue line has been right on the money and now as the [$NDX] comes back down, the question before us is if the neckline is giong to be broken on a test of the March 2004 low. /Teresa
04.05.03 16:22 #