NASDAQ INC (NDAQ) surged to a record high, tagging 62 last Friday (1/29). NDAQ Daily Chart 2/1(click to enlarge)While the daily chart shows a very persistent bull market, I would not want to get in around 62. Price action has been choppy during the long-term rally. Perhaps we can wait for a dip before buying. The dip would test the consolidation since November 2014 as a support or anchor for further upside. For example, a bullish market should really hold price above 60, but it would be fine if a pullback overshoots to 58. Now a break below 56 would be a critical signal of a failed bullish continuation and we might want to have a dramatic shift to a bearish outlook. However, for now, the bulls are in charge, and if bears make a run, expect it to be a correction and prepare to buy on the dip.