Nasdaq’s been the market leader, and its health is an indicator looking forward. The weekly chart shows a major resistance barrier in the Nasdaq at 2100, the high reached in 2002.

NASDAQ Up Against Formidable Resistance (weekly)
nasdaq_weekly.gif
Source: Chartwatchers

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Quote of the Day
“No persons are more frequently wrong than those who will not admit they are wrong.”
-Francois Rochefoucauld

Category: Finance, Media

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