The NASDAQ as you can see fell during the course of the week, testing the 4800 level. That being the case, the market looks as if it is ready to try to find support in this general vicinity, but at this moment in time we feel that the market isn’t quite ready to be bought yet. We may have to find the signals off shorter-term charts, but ultimately we believe that breaking above the 5000 level is necessary in order to start going long with any type of significant confidence off of this chart.



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