Gav's Morning Coffee 23-Jan-2007

I am looking at NQ. We have some selling in the premarket. From daily chart of Nasdaq, I am interested in watching if we can stay above trend line. From 60 min chart of NQ, we are still in downtrend with Adjusted TRIN stays negative and from buyer/seller indicator, sellers are still dominating.

Previous High: 1813

Previous Low: 1783.25

Slightly negative view, but I doubt bears are strong enough. Let's see.

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