NASDAQ Index Nears Key Support

Today the NASDAQ has a low of 2,401.93, which if you view the chart below you can see how the index is nearing its 50 Day Moving Average and key support line:

NASDAQ 122206.JPG

If this is broken then the market will be in some trouble, as falling through this support would be a very bearish sign. So, keep a close eye on your technical indicators, and watch the NASDAQ index closely.

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-- Posted by Blain Reinkensmeyer on December 22, 2006 at 10:51 am --

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