Daily Market Comments 21 Apr 06 by MastersoEquity.com
Technically, although NASDAQ did not close higher, it formed a neutral day with a higher high and a higher low. This gave it an upwards bias that could continue if significant follow through is witnessed today. On the other hand, it is also at a good point to correct back down a little in order to form the second neutral channel that we talked about last week.
EXTRA : Do you know we were prepositioned with long positions before this rally begun? Yes! This is the predictive power of the Star Trading System! Check it out now!
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