Monday, December 15, 2008

Nasdaq 100 (NDX) Rally Attempt; Dec. 15, 2008

The NDX is spiking higher and attempting to bring the bulls back into the market. We'll see if this has legs or not. Downside volume is still very weak and advance/decline ratio hasn't moved. I'd like to see a spike higher in both of those indicators to coincide with the NDX to get more excited about a more prolonged bullish rally.


Anonymous said...

thanks for the warning. I am covering my short

Anonymous said...

Todd, thank you so much. If I didn't cover my short a couple of minute ago. I would have never cover it, instead, I would just watch it go down hoping it would go back up. :)