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Stop, Chart Nasdaq
Composite Index, Why?
Nasdaq Composite Index - Where would you buy it? That’s what a friend asked me the other day. My answer? I would look for the next strong technical support. What’s a technical support? It’s a psychologically important area that’s made stock buyers money in the past. Where do you find it?
The 2400 Support - Imagine Nasdaq stock index approaching it, touching it. What do you think stock buyers are likely to do? They are likely to buy new stocks. Why? They have bought lots of stocks here before in the past and made money. Can you see yourself using the chart above as an example?
The Bottom Line - It’s about using examples to learn, and identify where technical stock investors are likely to buy Nasdaq Index again. That’s the 2400 technical support area. It’s not a recommendation to buy or sell. I hope you can see the power of stock market support as a buying point.
Buying New Stock Chart Update - For just $99.95 from me, has been helping lots of stock investors to discover new opportunities, and to reduce their risk easily, and consistently.
Beyond Nasdaq Composite Index - Never buy Nasdaq Composite, without charting it. Why not? Would you not love the freedom of knowing the buy point? Imagine learning more from other examples.
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