Nasdaq100…1716.44…The ST downtrend from the late December 2007 top remains intact though the downside momentum has obviously weakend. It is clear however that as long as the market stays below the 1771 level, the downside pressure remains and we still expect weakness twd 1654 and possibly twd the 1601 level before a more solid bottom is found. On the upside, a move abv 1771 will signal that a ST low is possibly in place and will suggest gains twd 1824 initially. We will keep to

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This entry was posted on Saturday, March 15th, 2008 at 10:03 pm and is filed under Financial Market. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.