Friday, March 28, 2008

NASDAQ Technical Picture - Profit Taking



Extended pullback following yesterday's modest corrective action, with the market closing on its lows. Catalysts included ORCL earnings and GOOG price target cut. Technology outperformed on the downside. Will the bulls be ready to defend this support level (15 min. chart)?
After Hours Summary: BSC -5.2% (Chairman James Cayne discloses sale of 5.6 mln shares at $10.84 on 3/25); APOL -19.0% on earnings/guidance.

No comments: