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Friday
Mar052010

Make or Break Time for the Nasdaq

While Apple (AAPL) has broken out to new all-time highs today, the tech-heavy Nasdaq Composite index is right on the cusp of breaking to new 52-week highs.  If the index can break above its highs from January, it will mark the resumption of the bull market.  Resistance is very heavy at these levels, however, and the fact that the index has gained so much in so little time might make it hard to make that final push through.  The  Nasdaq is currently trading at 2,320, and the intraday high that needs to be taken out is 2,326.28.

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