Thursday, May 08, 2008

NASDAQ Technical Picture - Narrow Range Inside Bar


Not much to say about today's session, except snooze fest. We carved out a NRIB in the lower half of yesterday's WRB. The 15 minute chart sums it up well, a choppy, unsuccessful attempt to reverse some of yesterday's losses. Tomorrow is Friday, and some Friday afternoons have been noted for their selling power, so be aware.

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