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From the Blogosphere
Nasdaq Market Wrap 15 April 2009
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 The emini (NQ) trend in the 60 minutes chart is up according to the force index indicator. In the figure you can also see the %b indicator, which is derived from the Bollinger bands. %b is moving up and has left the oversold level. Prices are still moving within the upward channel, but they seem to be losing momentum. In the short term prices are moving between 1300 and 1340. 1300 is an important support now. The technology sector is outperforming the djia and S&P. Note that prices are well above the November low. I expect a down open and a down close on Thursday.
In the Figure you can see ...
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Nasdaq Market Wrap 15 April 2009



 The emini (NQ) trend in the 60 minutes chart is up according to the force index indicator. In the figure you can also see the %b indicator, which is derived from the Bollinger bands. %b is moving up and has left the oversold level. Prices are still moving within the upward channel, but they seem to be losing momentum. In the short term prices are moving between 1300 and 1340. 1300 is an important support now. The technology sector is outperforming the djia and S&P. Note that prices are well above the November low. I expect a down open and a down close on Thursday.
In the Figure you can see ...
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Nasdaq Market Wrap 6 April 2009
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 The emini (NQ) trend in the 60 minutes chart is up according to the force index indicator. In the figure you can also see the %b indicator, which is derived from the Bollinger bands. %b is moving up toward the overbought level. On Friday %b printed a bearish dvergence. Prices are still moving within the upward channel, but they seem to be losing momentum at this point with investors more prudent to enter positions after such a long rally.In the short term 1285 was tested for the 2nd time yesterday. It is an important support now. The technology sector is outperforming the djia and S&P. N...
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Nasdaq Market Wrap 6 April 2009


 The emini (NQ) trend in the 60 minutes chart is up according to the force index indicator. In the figure you can also see the %b indicator, which is derived from the Bollinger bands. %b is moving up toward the overbought level. On Friday %b printed a bearish dvergence. Prices are still moving within the upward channel, but they seem to be losing momentum at this point with investors more prudent to enter positions after such a long rally.In the short term 1285 was tested for the 2nd time yesterday. It is an important support now. The technology sector is outperforming the djia and S&P. N...
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Nasdaq Market Wrap 28 March 2009
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 The emini (NQ) trend in the 60 minutes chart is up according to the force index indicator. In the figure you can also see the %b indicator, which is derived from the Bollinger bands. %b left the overbought level. After the breakaway gap of 10 Mar, on 23 March the market has printed a continuation gap. The gap printed on 26 March could be the exhaustion gap that signals the end of the up leg. We will see if it is closed in the next few days. Prices tested the critical level of 1280. A breakout of this level would be very bullish because the market is testing this level for the 3rd time since...
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