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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 whattranspires (Note: the red indicator's units are not
price, it is simply overlayed on the pricing chart). -
Brian.Disclaimer: 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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