Tech Trend Still Positive

08/24/2009 9:25 am EST

Focus: STOCKS

Thomas Aspray

, Professional Trader & Analyst

chart
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The tech sector has been one of the strongest since March and the weekly chart is still positive as the 50% resistance has been tested. The next likely upside target is at 350 (61.8%). The RS chart shows that tech is still stronger than the S&P 500 as the uptrend is still intact with no signs yet of a top.

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