Interesting that the Banking Index (BKX) low today was the low of the week. The BKX price did not plunge with the rest of the market. Here is a link to a dynamic chart.
I mentioned this day and this price on the NDX back in May but then forgot about it. It really pays to keep track of these things because they are really useful if we know why price is moving. At least with the NDX, price was drawn to the 50/50 point. This chart shows the NDX is in good position to move up from here.
Chart courtesy of Stockcharts.com
Post Modified: July 2nd, 2008 at 11:23 pm
Tags: Nasdaq Charts · Price-Time Balance · Square of RangeNo Comments
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