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Tuesday, 25 August 2015

NASDAQ overshoots in Chinese Fall bounce-back

Line A is the long-term Support Line that has held since 2013.

Line B indicates an emerging down-trend (in anticipation of coming interest-rate hikes, I suppose).

The bounce-back from the Chinese Fall has crashed through this emerging Resistance Line, but I expect the down-trend to re-assert itself, with probability that this Resistance Line will be re-instated.

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