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 Gold Customer
Joined: 12/19/2004
Posts: 108
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Gold Customer
Joined: 12/19/2004
Posts: 108
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Look at the Nasdaq Composite shaping up nicely. a W shape is forming. More importantly take a look at TSV and Moneystream Both looking good with TSV breaking through its Moving Average. Also look at the support level of 200 for the bottom of the W shape.
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Gold Customer
Joined: 12/19/2004
Posts: 108
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The rally in the 2nd Quarter could of lasted as TSV and Moneystream were negative as price went up. However this time around look how TSV and Moneystream favor Price.
I think an upward trend could happen here.
Any inputs?
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Registered User
Joined: 10/7/2004
Posts: 2,126
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Don't get any dilusional ideas. Like I said this may last
until the end of the elections. Then is back to reality.
Remember - nothing has been fixe fundamentally
and the government as well as the fed are running
out of tricks.
The patch on the banking system is barely enought
to cover the holes at their knees.
I am guessing the next hole will star right on their asses.
The bears are salivating right now. I know I am.
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Registered User
Joined: 8/6/2008
Posts: 45
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Nice chart Jihart52 we should at least see 2600 before a decision is needed. Enjoy the ride and make as much profits as you can during this time. Know one knows what the future will bring. The smarter ones prepare for all scenarios.
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Registered User
Joined: 6/10/2008
Posts: 1
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Normally I just lurk here, but I have been watching this index with great interest. IMHO, the NASDAQ must lead for the overall state of the market to be healthy. Here's hoping it completes and follows through
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Registered User
Joined: 2/5/2006
Posts: 1,148
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sure a double bottom, then run a back to 5000, right?
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Gold Customer
Joined: 12/19/2004
Posts: 108
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BigBlock~
Nothing dilusional about the Market. how I call patters when I see them. How long it last? That will be determine by many factors. If sectors tend to lead the economy out of recessions, in my opinion it generally starts with Technology Sectors to lead the change.
Ptolemy~
I agree as some decision with be neeeded as it approaches the 2600 mark. So far the charts are the supporting the movement.
Funnymony~
I don't really think we will see the 5000 mark any time soon. There will never be another rally like the one in the "Dot.Com" era. However I am optismistic that a short term rally is foreseable.
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Registered User
Joined: 2/5/2006
Posts: 1,148
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at this point, that potential doublebottom, could morph into just about anything.
volume seems a little light on this leg up as well.
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