The Nasdaq failed at its 200-day moving average and at 2,000 during the last two trading sessions. I think that a close above 2,000 will be very important in bringing out more buyers. The market's still very oversold and set to gap up this morning. That sounds like a deadly combination for the bears but I'm not so sure that's the case. (You know how I feel about gaps.) A gap down might be a better scenario to finally shake out the sellers.
