FX:NAS100   NASDAQ 100 Index
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Bouncing off my red curve, NASDAQ swings downward. Since a change in trend direction may be imminent, we are uncertain how far the downswing will go. It may not reach the green curve, but, then again, it might crash right through it. If it does, it has a long way to go. If it does not, we see that a bottom is forming to the downtrend.
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