Today's narrow range bar was contained in the upper half of Thursday's wide range bullish bar and so the corrective bounce remains intact. The technicals show positive divergence versus this week's lower prices. Consequently, we can assume that we have made an interim low and that further upside is likely in the short-term.
Friday, June 16, 2006
NASDAQ Technical Picture
Today's narrow range bar was contained in the upper half of Thursday's wide range bullish bar and so the corrective bounce remains intact. The technicals show positive divergence versus this week's lower prices. Consequently, we can assume that we have made an interim low and that further upside is likely in the short-term.
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