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June 20, 2008 Nasdaq Composite and Long-Term Support

I'm not much of a market technician, but I'm passing along this chart because the time period is so long.

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In March, the Nasdaq came within 10% of hitting the long-term support line. Even though it looks close, the black line is around 2050 today, which is far below where the Nasdaq (^IXIC).

Posted by edelfenbein at June 20, 2008 11:03 AM

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