Wednesday, January 23, 2008

Monthly chart of Nasdaq

The monthly chart of Nasadaq clearly shows that we are getting a bounce of this multi-year chart. Normally a multi-year chart support is never broken that easily. They created a nice panic this morning by taking out yesterday's low and it seemed they were going to break this support. That is exactly what I wanted to see and what I was waiting for the past two weeks. I now need a confirmation tomorrow. Time to aggressively buy stocks!!!
Good stocks: MA, BX, BOOM, XLF
Good Luck !!

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