Since Aug. 5th of last year the NDX has put in a rather dramatic move to the upside.
On Aug. 5th of last year the MACD(12,26,9) on the daily NDX chart was buried at
-400 giving a very strong buy signal. But for the past 2 weeks the MACD has been
flat at +83.28. Historically, this type of configuration results in a choppy trading range
and doesn't give a signal as to whether the resultant break out will be to the upside
or downside i.e. it can go either way causing st traders to have to be very nimble.
