Monday, September 29, 2008

NASDAQ Downside Price Objective



The stock market got hit hard today with the NASDAQ falling 10%. In the above weekly chart of the NASDAQ I've drawn the symmetrical triangle pattern along with the projected downside target. I'm looking for the NASDAQ (NDX) to drop to the 1400 level.

1 comment:

hop said...

How is the target derived?
I enjoy your work. thanks for posting.

Money-Making Ideas

DISCLAIMER

This site may include market analysis. All ideas, opinions, and/or forecasts, expressed or implied herein, are for informational purposes only and should not be construed as a recommendation to invest, trade, and/or speculate in the markets. Trading and investing involves high levels of risk. Any investments, trades, and/or speculations made in light of the ideas, opinions, and/or forecasts, expressed or implied herein, are committed at your own risk, financial or otherwise.
 
Google
Technorati Profile Finance Blogs - Blog Top Sites