Nasdaq in Limbo
The Nasdaq 100 has been going sideways now for over a month, while the other markets Dow, SP, and Russell have been trending upward (at least till the end of Jan). Look at this hourly chart of the NDX. Simply buying around 2725 and selling around 2745 you would have made 20 handles 7 times beginning 1/9/13, not to mention the other side of shorting at 2745ish and covering at 2725ish. Dropping down to a 12min or 5min chart would have worked well in timing the entries.
On this 10min chart its easy to see a perfect buy setup on the morning of 2/5.
