The nazdaq formed a classic hammer (reversal) candle on Friday and should test lower support at 1850 Monday or Tuesday. <A HREF="http://www.askresearch.com/cgi-bin/chart?symbol=%24compx&exchange=USA&size=640x480&months=3+months&type=Candle&color=Graph+Paper&scale=Logarithmic&moving=exponential&moving1=50+day&moving2=None&moving3=None&bollinger=20+day&ind_sto=on&sto=15-5-5&ind_wpr=on&wpr=12&rsi=8&ind_macd=on&macd=8-17-9&roc=16-8&ind_mfi=on&mfi=13&refresh=180" target="_new">http://www.askresearch.com/cgi-bin/chart?symbol=%24compx&exchange=USA&size=640x480&month...</A> 15 minute chart confirms this; <A HREF="http://www.askresearch.com/cgi-bin/intraday?index=%24COMP&intraday=symbol&symbol=%24COMP&exchange=USA&size=640x480&frequency=15+minute&type=Candle&color=Graph+Paper&scale=Logarithmic&moving=exponential&moving1=50+minute&moving2=None&moving3=None&bollinger=20+minute&ind_sto=on&sto=15-5-5&wpr=12&rsi=8&ind_macd=on&macd=12-25-9&roc=16-8&mfi=13&refresh=180" target="_new">http://www.askresearch.com/cgi-bin/intraday?index=%24COMP&intraday=symbol&symbol=%24COMP&...</A> 30 minute shows there is enough downward momentum present to take the nasdaq below it’s recent low of 1800. <A HREF="http://www.askresearch.com/cgi-bin/intraday?index=%24COMP&intraday=symbol&symbol=%24COMP&exchange=USA&size=640x480&frequency=30+minute&type=Candle&color=Graph+Paper&scale=Logarithmic&moving=exponential&moving1=50+minute&moving2=None&moving3=None&bollinger=20+minute&ind_sto=on&sto=15-5-5&wpr=12&rsi=8&ind_macd=on&macd=12-25-9&roc=16-8&mfi=13&refresh=180" target="_new">http://www.askresearch.com/cgi-bin/intraday?index=%24COMP&intraday=symbol&symbol=%24COMP&...</A> JMHO