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March 10, 2006
NDX And Dandruff
The Nasdaq 100 has a head-and-shoulders pattern working over the last few months with neckline support at 1633. The index already broke rising wedge support and failed to hold its gains on Thursday. Further weakness below 1633 would target a decline to around 1500. Ouch.
Posted by Arthur B. Hill at March 10, 2006 01:49 AM