Wednesday, September 24, 2008

NASDAQ Technical Picture - Snooze

A brief breach of the down sloping trend line was short lived and we closed on the lows once again. Futures are trading up AH.

Are the market ETFs banned from shorting? Not sure, but the QQQQ color code was red (not shortable) on IB today.

Economic calendar: durable orders, initial claims in pre-market and new home sales at 10:00.

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