NAZ is looking interesting, chech out the wedge it is forming

[whodi]

1st trend line.

You want to draw a line from the close on October 11th to the close today.

2nd trend line.

You want to draw from the close from October 22nd to the close today.

You can see the NAZ has been consolidating after the high on the
October 11th to current, which is obviously due to the Fed tomorrow. Point I am trying to make is with a consolidating wedge, we are going to most likely have a huge breakdown or breakout on this market pretty soon IMO. Just some info for you guys to keep a close eye on. Keep in mind, when you are drawing trend lines, you dont draw from the very bottom or top of the candlesticks from the days. You start drawing the trend lines from where the market closed on the day.


http://finance.yahoo.com/charts#chart3:symbol=^ixic;range=6m;indicator=sma( 50,20,200)+volume;charttype=candlestick;crosshair= on;logscale=on;source=undefined