Chart of the Day: Nasdaq (6 Months)

Tuesday, May 17, 2005 | 03:51 PM

The Nasdaq Composite is nearing a confluence of several technical factors. We see initial resistance at the 200-day

moving average (1995). The downtrend line from the December highs is at 1996. Further, the Nazz has retraced 50% of the losses from the March highs to the recent lows, near 1,995.

Nasdaq - 6 Month Chart
click for larger chart


Source: Mike Panzner, Rabo Securities

The 2,000 resistance level also offers psychological resistance, and is the bottom of the prior trading range’s support (now resistance). The Odds favor a short-term pullback.


Random Items

I Want My Safety Net

Experts Are at a Loss on Investing 

Everybody's wrong about the Video iPod thing

'Rocketboom' May Be Future of TV News  

Strategic Investment Analysis of Neurological Diseases

8 Types of Advice

Everything You Always Wanted to Know About Blogging


Quote of the Day

"In the stock market those who expect history to repeat itself exactly are doomed to failure."

-Yale Hirsch


Tuesday, May 17, 2005 | 03:51 PM | 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 Day: Nasdaq (6 Months):


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™