Last week I estimated that this index would slump at about 2350. The fact is it went to 2376.22 and then went down. It seems on the next trading day 2280 is a critical point. Going under it means a near-term down trend, otherwise the market will have a bullish breakout.
Sunday, February 17, 2008
Feb17 weekly chart reading: $COMPQ
Last week I estimated that this index would slump at about 2350. The fact is it went to 2376.22 and then went down. It seems on the next trading day 2280 is a critical point. Going under it means a near-term down trend, otherwise the market will have a bullish breakout.
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