Monday, April 24, 2006
Weekly Market Update
The market, again, unable to break the 1750 highs, has pulled back. The NDX, NASDAQ 100 index, made another attempt at breaking above the 1750 resistance level. It was unable to do so, met with serious selling and pulled back. By doing so, it actually created a double top on the chart. This could mean the beginning of a longer term down trend. If we break below the low of 04/17/2006, the 1684 level, it will confirm the down trend. Read More...
