Friday, October 29, 2010

Nasdaq 100 again

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As I mentioned yesterday, the indexes were down at the opening. However the Nasdaq 100 pushed them up (the same as yesterday and the day before yesterday), back to the neutral territory again. Money flow on the index charts, so far, remains to be the same as yesterday at close (see mine yesterday's "Nasdaq 100" post). The only difference is that the 1-min charts have neutral money flow and on 5-min chart money flow is moving down and could become negative. I would continue to monitor 5-min chart to see whether it become bearish - so far it is bullish.

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