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Nasdaq 100 Square of 90

July 1st, 2009 by AndyAskey

The Nasdaq 100 (NDX) Square of Ninety shows price at the 4 points per day line.  This square is draw with 360 points in 90 days.  The 1/4 lines within the square can be used to find the 90 point levels from the March low.  At the 90 day mark price had moved approximately 5 points per day.
NDX Square of 90

The NDX daily swing chart is holding up quite well.  As I noted in a couple previous posts, my guess is that price will break down towards the 1×2 angle to complete this short term A-B-C consolidation after a move of approximately 90 days. The 25% price line is a place to watch for support if a move down does occur within the next week or two.
NDX Daily Swing Chart

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