AMZN throws a stinker after-hours but it is more company specific, not a sales growth issue. We will see how the markets react, but here is an updated chart of NQ, the proxy for QQQQ and NDX on the future's side, As you can see, we are still very much on track for the bullish breakout I wrote about a few days ago, but the key support zone has now moved up to confluence 5 and 10 day moving average at 1483. Needs to hold after all the noise is said and done.
This entry was posted
on Tuesday, July 25, 2006 at 4:03 PM.
