Market Indices Faced Resistance…
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Submitted by My Ambitions as a Trader and Investor
…at several key moving averages. This should not come as a surprise if you have been following the January 2008 sell-off. The DJIA is facing some heat around its 50 day MA. On the flipside, it has a bit of support at the 20 day MA. The NASDAQ is trending right along its 20 day MA and has yet to try to climb back to its 50 day MA.
