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Aug 23

TECHNICAL ANALYSIS BY NSFX 23.08.2013

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Even the trading glitch that halted the Nasdaq for three hours yesterday did not make traders panicking: it was a reversal day or just a covering short position day? Both  probably because the index dropped 75 points from historical highs and the long candle seen in the last trading session could lead to test 1671 and then 1700.  If the dynamic support generated on November 2012 will be broken likely to see a spike of volatility.

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