If the black line can not be broken out tomorrow (Monday), I think the NASDAQ will correct down to the red line, very possible and expect able.
As mentioned before, the NASDAQ is farther away from the magic green line now. It is already 5 days below it. Amazing ! This green line has been drawn for over a week now. It really helps me to understand the stock market behavior. Especially, it helps me to figure out when and where is the market top, as mentioned before. I won't repeat it here again.
This week will be more fun ! Will it break up or break down ? You name it !
A list of recent gap ups can be found here.
Thanks.Black Monday soon.
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