NASDAQ Index Nears Key Support
Posted on Fri 22nd Dec, 2006 10:51:58 AM
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:
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.
