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Nasdaq

 
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arthur
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PostPosted: Fri Dec 03, 2004 7:54 pm    Post subject: Nasdaq Reply with quote
The Nasdaq weekly chart indicates multi-year resistance at current levels, although Nasdaq may rise further e.g. to 2,300. Currently, Nasdaq is above its upper Bollinger Band. Also, RSI and ULT (Ultimate Oscillator) rose from low levels to high levels over the recent rally. Ideally, a greater and faster trading range of 2,100 to 2,300, similar to the area around the previous high at 2,328, will make Nasdaq a better trading market.

The QQQQ and SMH same period weekly charts show QQQQ is lagging Nasdaq, in part because SMH lags QQQQ.



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