This is for my boys over at the Beanner's blog, who are looking at the NDAQ for a swing trade. I've seen few stocks respect their fibs like this one, so I figured I'd show it... you can see that as of late afternoon today (Friday, April 20th), NDAQ is just above it's 50% fibonacci retrace, and it looks like it'll hang on to stay above it, which is encouraging.
5 comments:
thanks jake...for the chart...I asked alok and doc...to stop by...to take a look....at this...
chart....
and thanks MAS...for taking the time to show Jake...the way to post charts....
MAS..I’m sure in no time...you’ll have jake’s site ..looking like your site.......ok maybe that’s a stretch....
Jake’s site sure is looking good.....
Zee...
Jake good job with your chart, its pretty nify lookin. also looks like your shapping up to become a killer blogger :)
Jake my man, i have a stock for you, NGEN. resting on top of the 200dma. might be ready for new up move, i'll have my eye on it on monday.
Alok -- I think NGEN's got a little more work to do here... I wouldn't jump in right away, but wait for the volume to take it back to the 1.90 region... Maybe I'll post the chart later.
hey Zee:
thanks for the nod
in due time the mytho
will be the metho
and then the liquido
BLOG...lol
Nice job indeed JAKE,
MAS
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