Monday, November 15, 2010

Doubts about the Economy causes Nasdaq -




Doubts about the economy has caused the Nasdaq to break out of a long up-channel in 1hr time-frame and reverse into a down-channel. See previous post below to compare. The thick yellow pivot line is a rolling pivot. Currently is trading below the pivot. What I'm watching is if price can trade above the pivot or if it will find support lower. Support is the blue lines on the chart. System is for sale if interested and includes the indicators shown on chart.

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