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Tech Support or Failure?

This is a syndicated repost published with the permission of Slope of Hope – Technical Tools for Traders. To view original, click here. Opinions herein are not those of the Wall Street Examiner or Lee Adler. Reposting does not imply endorsement. The information presented is for educational or entertainment purposes and is not individual investment advice.

I present below the ratio chart of $NDX to $SPX. The big question: is this the ideal place to buy tech stocks, since we’re at the supporting trendline, or is this the place where support cracks and tech goes from Bad to Worse? I’m guessing the latter, but you know how I am.

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