Wednesday, August 24, 2005

NDX Toes The LIne


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We are sitting right on the 50 SMA and the trendline from the APril and June lows. We might stay afloat awhile longer, but I think we are close to a severe breakdown.

AN easing of oil prices could ignite a rally, but reality will take hold, we have seen the best it can be, now we need a 20% decline to usher in the Bear, a long way from that

D

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