Break-In for the Buzzless
Thanks for the show, Toddo.
The following blurb was posted on the Buzz a bit ago and I wanted to make sure ye faithful saw it one and all--
One of my trusted trading contacts tells me that the last two times the NDX 9-day RSI got to these levels, a 4-6% rally occurred during the following five sessions. Don't shoot the messenger, Boo, just take it under advisement--and watch NDX 1450 as the nearest term resistance.
Meaningful? Not sure--but a data point to add to the mix as we edge through a tricky Tuesday. Keep in mind that NDX 1450 (past support) is near-term resistance.
I'll be back with the Randoms in two shakes of a Fokker feather.
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