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From : International Equity Index Daily Hotline: 24 October 2014
Chart of the day: NASDAQ 100 approaches Sept peak area

 

After a minor hesitation (that can't even be discerned on this graph), the US NASDAQ 100 has renewed its rally from the oversold mid-October floor at 3700.22.  Gaining 1.6% on Thursday, the market is about to challenge this month's earlier high 4048.79.  A clearance will have bulls aiming for the September ceiling at 4118.91.

 

 






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