Tech Still Leading

04/02/2009 9:29 am EST


Thomas Aspray

, Professional Trader & Analyst


The Dow Jones Technology Index has broken its 38% fan line with the next target at 430 and the 50% fan line. The daily chart above shows a completed ST bottom formation. The initial downtrend in the RS chart was broken early in 2009, and the RS then moved through major resistance as noted on March 4.

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