nikop

NASX - 3 trendlines to watch...

NASDAQ:IXIC   NASDAQ COMPOSITE
218 1 1
Too funny - I happened to be reviewing the long term charts on RUT, NASDAQ, and SPX this morning and noticed the same trend lines as on you NASX chart. I did miss seeing that additional red trend line. Prior to the last 5 years and especially this year I would have expected at least a pause if not outright rejection at around the 4000 level. But given the strong momentum across the entire market I won't be surprised if it simply slices through all trend lines. In any case, yes I'm definitely keeping a close eye on this index.
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