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Look back over the past, with its changing empires that rose and fell, and you can foresee the future too.

— Marcus Aurelius

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Saturday, April 25, 2009

Nasdaq leading the market...longer view


Nasdaq weekly chart....

alternative scenario in red....
either way ..7 weeks up...probabilities are INCREASING for the next significant move to be DOWN...
a higher low would put us in the red scenario. Then possible for rally to that long term down trend line

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