Wall St. Warrior
Monday, January 22, 2007
NASDAQ Technical Picture - Bears Losing Momentum?
Sellers continue to have the upper hand but volume is diminishing and the
ADX
line is still
flat-lining
. Price held at minor support (2425) indicating that we may get a technical bounce as we approach oversold levels.
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Sellers continue to have the upper hand but volume is diminishing and the ADX line is still flat-lining. Price held at minor support (2425) indicating that we may get a technical bounce as we approach oversold levels.
No comments:
Post a Comment