Monday, March 12, 2007

Nasdaq at 2400

This number must be defended by the bulls. A close above 2400 will bring about more short covering as the Nasdaq continues to move up, testing higher resistance as it climbs. Overall, I feel very bullish about how the day is progressing. I will consider adding more positions this week if the Nasdaq can regain 2400. Let's see what the close brings.

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