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29 July 2006

 
Nasdaq Composite - Daily / Weekly / Monthly Charts (29 Jul 06)

Weakest among the 3 major US indices.
Daily - MA 50 100 150 bearish arrangement, but a small db formation has been broken out without heavy volume, indicating a bear rally is ongoing, wave 2 (bear rally to MA 50 100) of wave C in progress?




Comments:
Nasdaq Resistance: 2190
 
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