Nasdaq 8-30-2010

August 30th, 2010 by admin Leave a reply »

The key pivot today in the Nasd is 1786.50, for it is below here that the sellstalk condition comes back on today. If we
are above there, the sellstalk shuts off, and sentiment shifts to bullish, and the initial target is the daily resistance line
which is up at 1812.75. In front of there we have good resistance at 1802.75. Below 1786.50 and we go back into
sellstalk mode, and resume a bearish posture.

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