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Tuesday, December 26, 2006 

Buyers came into the market

Chart courtesy of stockchart

Wall Street rebounded today after oil and natural gas prices fell hard amid mild winter weather that has depressed demand for home-heating fuels. Nasdaq composite index was up 12.33, or 0.51 percent, closing at 2,413.51. The NASDAQ Composite Index have tested the support at the 50 Day Moving Average successfully, and we start to see some improvement on CCI Indicator. I continue to believe that the market will continue to move higher until more of this bearish sentiment is unwound.

That's All. Have a nice evening !!!

AC

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  • I'm a 48 year old Independent Trader using proprietary technical analysis with more than 20 years experience of investing in the US stock markets. I started this blog in 2006 simply as a way to share my thoughts about capital, risk management, and trading. My blog contains only my personal opinion and is provided for informational purposes only.

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