Chart of the Week: Nasdaq Breaks its Downtrends

Monday, June 28, 2004 | 11:00 AM

From when the Composite peaked on January 26, to the May 17 lows, the Nasdaq has been trying to fight through a stubborn downtrend line. It finally managed to break through last week.

Nasdaq Breaks its Downtrends

Source: StockCharts

With the down trend cleanly broken, the path of least resistance remains northwards. The next two resistance levels are 2055, and 2080 respectively.

Random Items:
Study Finds Housing Not a Bubble
Ready for $60-a-Barrel Oil? (not me)
U.S. Productivity Is Booming, with No End in Sight
Getting More Out Of Gmail
Making Torture Legal
Mistakes Loom Large as Handover Happens

Quote of the Day:
"Setting a goal is not the main thing. It is deciding how you will go about achieving it and staying with that plan."
-Tom Landry (Head Coach, Dallas Cowboys 1960-1988)

Monday, June 28, 2004 | 11:00 AM | Permalink | Comments (0) | TrackBack (0) add to | digg digg this! | technorati add to technorati | email email this post



TrackBack URL for this entry:

Listed below are links to weblogs that reference Chart of the Week: Nasdaq Breaks its Downtrends :


The comments to this entry are closed.

Recent Posts

December 2008
Sun Mon Tue Wed Thu Fri Sat
  1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31      


Complete Archives List



Category Cloud

On the Nightstand

On the Nightstand

 Subscribe in a reader

Get The Big Picture!
Enter your email address:

Read our privacy policy

Essays & Effluvia

The Apprenticed Investor

Apprenticed Investor

About Me

About Me
email me

Favorite Posts

Tools and Feeds

AddThis Social Bookmark Button

Add to Google Reader or Homepage

Subscribe to The Big Picture

Powered by FeedBurner

Add to Technorati Favorites


My Wishlist

Worth Perusing

Worth Perusing

mp3s Spinning

MP3s Spinning

My Photo



Odds & Ends

Site by Moxie Design Studios™