Friday, October 19, 2012

Nasdaq comments

$COMPQ - Chart Link - weekly chart, no doubt arguing that the weekly chart is ugly with negative divergence and a bear wedge.  Though honestly one more eventual push up within the wedge would make the pattern much more complete with 5 waves. 

$COMPQ - Chart Link - There is an uptrend line below and of course the 200 day MA

we'll see...

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