NDX Futures, December 07, 2009 - Follow Up

Over the weekend, I wrote about the application of the mid-line technique to a chart of NDX futures

this is an updated chart



Two very nice bounces off the mid-line.

It reminds me of the old saying that says: Plan the trade, trade the plan

with the way this mid-line has behaved, I would not want to be long if it breaks in the coming hours (days). If it does not break, NDX stands a good chance of challenging north of 1800, and maybe the neighborhood of 1815