october crash, page-43

  1. 14,914 Posts.
    Heres a chart of the NADAQ showing what im talking about. You can see the converging support around this area and over the next few days. Also the 200MA should prove to be pretty solid support if it does fall through and pullback to the 200MA wouldnt really be a bad thing as it would solidify support there and support the bull run in general.

    Negative divergence in MACD is also somthing I am watching for if price breaks down.

    [URL=http://img14.imageshack.us/i/nasdaqcorrection.png/][/URL]
 
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