Daily Market Comments 31 Mar 06
Looking at the technicals, we saw a non committal day. Even though the DOW ended down, it did nothing to change the fact that it is still lingering at the strong 30MA Support Level. There was no follow through on the rally of 2 days ago like we would like to see in order to set the momentum for more upside. NASDAQ ended up but the technicals shows that it is still within its neutral price channel and looks like it might consolidate downwards a little.
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