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Friday, January 25, 2008 8:59:10 AM
Chart of the Day - COTD - NASDAQ Still Within 4 Year Uptrend:
http://www.chartoftheday.com:80/20080125.htm?T
The Nasdaq is currently down 17% since peaking 12 weeks ago. For some perspective, today's chart presents the current trend of the Nasdaq. Today's chart illustrates that the Nasdaq still remains within its four-year uptrend. This is due in no small part to the inter-meeting, 75 basis-point cut in the fed funds rate that occurred earlier this week. Regardless, the Nasdaq is currently testing support (green line).
http://www.chartoftheday.com:80/20080125.htm?T
The Nasdaq is currently down 17% since peaking 12 weeks ago. For some perspective, today's chart presents the current trend of the Nasdaq. Today's chart illustrates that the Nasdaq still remains within its four-year uptrend. This is due in no small part to the inter-meeting, 75 basis-point cut in the fed funds rate that occurred earlier this week. Regardless, the Nasdaq is currently testing support (green line).
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