Nasdaq Selling Increases

07/01/2008 12:00 am EST

Focus: ETFS

Thomas Aspray

, Professional Trader & Analyst

While the Dow and S&P made it inot positive territory Monday, the Nasdaq stayed underwater. technically still negative with next converging support in the $44.50-70 area. First resistance at $46-46.50. The downtrend in the demand index needs to be broken to suggest a bottom.

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