Die-Hard NASDAQ

For a change the indices went their separate ways. The Dow (-0.67%) and S&P 500 (-0.35%) ended the day lower, while the NASDAQ (+0.46%) showed great relative strength and closed higher. However all three indices closed well off of their highs. They were all repelled by their upper Bollinger Bands for the second day in a row. Given how far we've come over the last 6 days I wouldn't be surprised to see the indices drop to their middle Bollinger Bands over the next few days.

Now for the charts. I've decided to take a look at the weekly chart of the S&P 500:


S&P 500 Weekly

Here's the daily chart of the Dow:

Dow Daily

And the daily of the NASDAQ:

NASDAQ Daily


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Quoted

"I am fully aware that of the millions of people who speculate in the markets, few people spend full time involved in the art of speculation. Yet, as far as I'm concerned it is a full-time job -- perhaps even more than a job. Perhaps it is a vocation, where many are called but few are singled out for success." ~ Jesse Livermore
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This page contains a single entry by Michael published on May 29, 2003 6:33 PM.

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