Monday, August 22, 2005

NASDAQ

10 yr chart of compq both 200 and 400 WK moving avg has been respected. You can see how many X the 400 wk SMA has repelled advance.

The 200 WK is curling underneathe, so it will be interesting to see which way she blows as the air comes out of stocks like BIDU and GOOG. In the meantime, the Japanese market has been on fire, breaking above 12,500!

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