Daily Market Comments 10 May 06 by MastersoEquity.com
Technically, we see DJIA continuing its bullish run with strength making higher high and higher lows. This is a great sign for the bullishness to continue but it will not be strange should it decide to correct down to it 30MA again before dashing for new highs. We see NASDAQ continuing to linger around the 2340 point. It is indeed a critical point for NASDAQ as it can go either way from here... up to the top of its current 2,380 - 2,300 channel or go back down to the 2,300 line. To some extend, I think the market today will be more fundamentally driven due to the Fed releases than technically driven.
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