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Caution On Nasdaq Composite Index

|Includes: PowerShares QQQ Trust ETF (QQQ)

Major Indicators in Nasdaq Composite are lagging. I will be the first to say that I do not rely on technical indicators to make trading decisions.

Two of the heavyweight indicators I respect are the Advance Decline line, and the New Highs minus New Lows. It is worth pointing out that these two indicators are showing extreme bearish negative divergence. See charts below.

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