In my current opinion, we will stabilize in the 2200-2270 range and start a new leg down somewhere at the beginning of 2010.
Thursday, October 1, 2009
Will Nasdaq push above 200 weeks moving average?
As we can see on the chart below, Nasdaq Composite is sitting near the critical juncture. Will this rally be able to push prices significantly above 200 WMA?
In my current opinion, we will stabilize in the 2200-2270 range and start a new leg down somewhere at the beginning of 2010.
In my current opinion, we will stabilize in the 2200-2270 range and start a new leg down somewhere at the beginning of 2010.
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