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.

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