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Thursday, November 30, 2006

NYSE Group, Inc. (NYX)



NYSE Group, Inc. (NYSE:NYX) afetr an impressive up leg has printed a top formation in the daily chart. You can see the sxhaustion up gap, the 2 doji candles at the top and finally the bearish wide range day. Prices are now testing the first supports. There is no divergence of the MACD indicator. As the trend is very strong we might also see prices recover and print new highs, although in the weekly time frame the pattern that is going to be printed for the week is quite bearish. I would expect a tentative move to the upside, but my overall assessment is about a test of the 90$ level. Lower support at 79$.

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