Tuesday, January 23, 2007

Market Technicals Via Trader Mike

Click Here for TraderMike's readings of the index charts.

I agree that the Nasdaq especially is waiting for some kind of catalyst to push it down or up. It will be interesting to see if YHOO's bullishly accepted report after today's close might break the short term downtrend. Or, maybe MSFT will be the catalyst after this Thursday.

Grab a vine and give me your reaction to the market action.

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