Nasdaq-100 : End of Bull Leg?

Quote from 4444CJones4444:

The NDX has rallied a mere 33% since Mar9. The next resistance point is 4150, which it will surely reach by August '09. It's about time it recovered from that imaginary tech bubble.
More...



4150 is a long, long, long time away, we need to some kind of new technology that everyone can throw money at and hopefully create the next tech bubble that would take it back to NDX 5000. Besides that NDX 5000 is at least 15-20 years away.
 
The market makers has control of the NQ March 2009 inventory.

The market is not going to sell off until we switch over to the NQ June 2009 contract. That is when all the shorts will capitulate and the market makers no longer control the inventory.

The Longs are feeling no pain now, so there is no reason for them to sell. There is an old trading axiom. If it feels good, keep doing it (ie, buy).
 
We have now two days of price action after this thread: Thursday and Friday. In both days day sellers who faded market won, and overnight holder made profits.

What do you think: down or up?
 
You must log in or register to reply here.
Back
Top