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Often times a technical formation takes shape, suggesting that a trend reversal could be close at hand and all that is needed to make the TA forecast come true is a news event. Is the news about Steve Jobs “THE EVENT” that will assist fibonacci in puttting a stop to the strong rally in the NDX 100?
Game Plan….Remaining long the NDX 100 with the 3% stops in place to protect the gains we have achieved over the past couple of weeks. Am willing to harvest the gains at any moment so stay tuned for the follow up.