Buyers came into the market
Tuesday, December 26, 2006
Wall Street rebounded today after oil and natural gas prices fell hard amid mild winter weather that has depressed demand for home-heating fuels. Nasdaq composite index was up 12.33, or 0.51 percent, closing at 2,413.51. The NASDAQ Composite Index have tested the support at the 50 Day Moving Average successfully, and we start to see some improvement on CCI Indicator. I continue to believe that the market will continue to move higher until more of this bearish sentiment is unwound.
Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.
