1 reply to this topic

[ogm]

Actually if you look at the big NDX drivers they also have similar bullish looking charts. CSCO, INTC, AMAT, MSFT......

In light of the monthly chart looking liker it does, its hard to get overly bearish on the daily, even with the possible short setup.

Monthly chart is just way too strong with momentum rising on all timeframes and closes holding above fast EMA.
It can really pick up speed.

[eminimee]

....as I've mentioned numerous times...csco is one of my top five reasons why I think we go to new highs. I've also posted that ndx monthly is bullish as long as we hold the top channel...and we are headed for 2313.

http://stockcharts.c...4543&r=1004.png

http://stockcharts.com/c-sc/sc?s=$NDX&p=M&yr=10&mn=6&dy=0&i=p79436792931&a=98654220&r=8251.png