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Thursday, 27 August 2015

NASDAQ rises: I suck it

My prediction of yesterday was incorrect. NASDAQ (and DOW) rose to break through the blue Downtrend Resistance Line. The new Channel that emerges faces upwards.

Early morning sees European markets opening higher, but Bull-Bear tug-of-war very active. Who dominates will be a clue as to whether NASDAQ is at a peak. I would not bet on it rising higher, but expect a downswing.

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