Thursday, March 23, 2006

Nasdaq Technical Picture

Another choppy day on the Nasdaq with relatively little damage on lower volume. The Nasdaq carved out a narrow range inside bar with a small upper shadow and longer lower shadow. We retested yesterday's high but not yesterday's low so we end the day on a slightly positive note. Another positive is that the SOX was the strongest of the major tech sectors, lead by MRVL and NVDA which had a nice moves today.

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