Buyers may have finally found a level they like as the Nasdaq bounced off of the 2,000 level on Friday. It’s amazing how these round numbers work sometimes — the low on Friday was 1,999.98. I can just picture all the ‘buy buttons’ that were hit once 2,000 was touched. Anyway, the buying wasn’t spectacular but it was enough to finally trigger a stochastic buy signal (on my stochastic settings). Let’s see if the bulls can build on Friday’s little bounce.
