NASDAQ Index Nears 2400 Support
Posted on Tue 26th Dec, 2006 10:58:51 AM
The NASDAQ opened today just under 2400, with a low on the day thus far of 2397.68. Volume has been declining which is good for support, but be catious as a fall and close under this line and the 50 Day Moving Average – the blue line – is very bearish.
when did you start getting into these types of chart patterns, what is the difference from IBD’s charts?