Monday, January 23, 2006

Nasdaq Technical Picture

Click on chart for larger view.

We are virtually unchanged from Friday's close. Although volume was good at 1.9 billion shares, we couldn't move the tape. Except for the mid-morning rally, the market felt weak most of the day. I was hoping for a rally into the close, but at 3:15 I gave up on that idea. I think we need some outstanding earnings results from a few big names to turn things around.


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