Nasdaq 100: Calling Technical Support
May 26, 2011  Analysis from Chris Kimble 

While we wait for this morning's weekly unemployment claims and Uncle Sam's second estimate for Q1 GDP, technical analyst Chris Kimble gives us something to ponder.

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Chris comments: The Nasdaq 100 is testing it 38% Fibonacci levels based upon the tech bubble highs back in 2000 and a key support line drawn from the 2009 lows.

Support is support until broken. Should this "Tech Support" fail to hold, long positions should be a bit challenged!


For the most up-to-date Kimble analysis, check out Chris's blog: Kimble Charting Solutions.