Short Term Bounce Coming For NASDAQ
Posted on 08. Feb, 2010 by Founder in Blog
After scanning through charts all weekend (considering the huge snow storm we got in DC) the only logical conclusion is that there is a short term bounce coming soon across all the indexes – NASDAQ in particular. The market sold off deeply on Friday, but in the end it rallied and closed up by a small amount. This looks like the beginning of a bounce of at least short-term duration after forming a wonderful Hammer Candlestick pattern.
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