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Based on some very significant, contracting trend lines, the Nasdaq-100
appears primed for a nice move, most likely within the next week or so.
Pictured in the chart is a proprietary, non-optimized indicator (red line in
chart) which has recently broken through support (Point C). If price breaks
support below its lower trend line (Point D), this may be the confirmation
the "nice move" is headed south. The red indicator correctly contained the
recent false break-out in price action (Points A and B). We'll see what
transpires (Note: the red indicator's units are not price, it is simply
overlayed on the pricing chart). - Brian.
Diclaimer: This message and chart is not meant as trading advice. Market
indicators are often wrong, resulting in loss of capital if acted upon.
There is extreme risk in trading futures and the risk is not limited to the
monies posted as margin.
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