StockMarketFunding Reviews the Nasdaq Composite Index Weekly Chart Analysis Technical Analysis

Date: 8/20/2011

StockMarketFunding Reviews the Nasdaq Composite Index Weekly Chart Technical Analysis. The "Nasdaq Composite Index" closed down 166.14 points or 6.62% on a weekly level to close at 2,341.84. StockMarketFunding.com CEO Mario Marciano discusses the current Nasdaq "Support & Resistance Levels" and what to look for in the trading week ahead.

There has been a great deal of attention on "Wall Street" after the recent "S&P Downgrade" of the "US Debt". The stock market is pricing in a recession as corporate earnings are at all time highs. Gold prices are also at all time highs as market are also pricing in QE3 thanks to "Ben Bernanke" and the "Federal Reserve". The CME has raised margin requirements on gold to hopefully shake out leveraged hedge funds and speculators.

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