Chart of the Week: Nasdaq Support
NASDAQ closed right near minor resistance just above 2,020. Secondary and more important resistance for this snap back rally would occur near the 2,050 level.
Nasdaq Composite Daily Chart
Source: Technimentals
NASDAQ reversed course right in and around the 2000 level. However given weak momentum and internals we would watch these levels support levels - closely any violation would exaggerate the current corrective activity.
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Thursday, February 26, 2004 | 01:39 PM | Permalink
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