The purpose of this blog is to provide a unique insight into trends that guide market prices. It is intended to educate and show you characteristics about the stock market, of which, the so called "professionals" have no clue. Traditional technical analysis is almost completely worthless and that is one of the main reasons for the creation of this blog. If you enjoy market analysis and information that you will find nowhere else, this blog is for you!
Thursday, February 13, 2014
NDX 100 @ Lifetime Resistance...again
Along with the Dow chart I posted yesterday the Nasdaq 100 is also trading at an extremely pivotal level. The first chart is a chart that reverts all the way back to the NDX inception. The second chart shows the weekly channel resistance that coincides with the monthly.