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Which Way Will the Nasdaq Break?

by Online Stock Trading on February 25, 2008

I spent today doing a couple of intraday trades with the ProShares ETFs QID, QLD, SDS, and SSO. I’ve seen some frustration from traders recently when browsing online. This market is rangebound, and probably more suitable for a daytrader that doesn’t depend on daily or longer trends. I’ve had a great month trading this range, but ready for the triangle below on the Nasdaq, to finally break one way or another.

nasdaq-022508.jpg

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