Why are we smacking our heads?

Wednesday, August 26, 2009

The Nasdaq100, for many people one of the leaders of the markets, has serious resistance on 1630 area. In the weekly chart you can see how many times that value was a key value in the past.

Lets take a closer look:

For me, this is good news ;). We beat the resistance and is now acting as support.

Best to your trading

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