07/12/2012

NAS moves sideways on the 2 hour chart and the 8 MA will turn sideways in 30 minutes eventually stop further test of R line

NAS 2 hr chart now. The dots are the 2 hour closes. Next close is CET 07:00 when the 8 MA will turn sideways. NAS has refused to get above the resistance line at 2.658.37 and I expect the index to continue sideways for a while before eventually move on downside.

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