Saturday, September 1, 2007

NASDAQ 100

On Friday, The Naz 100 almost made it back to the August 8 high of 1995.

Friday's high was 1993.73, and we now have the possibility of a neckline (1995 and 1993.73) for a Bullish Inverse H&S Bottom.

A selloff here (red arrows) to form a Right Shoulder, that doesn't take out the 1912 lows of the Left Shoulder, and then an upside takeout of the neckline would put a target of roughly 2181 IN PLAY.

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