nasdaq update - nasdaq update

nasdaq update

When we step back and take a look at the nasdaq daily chart it seems to be struggling, and in no where mans land.

Stochastics are telling us that it does have room to move higher, but our volume and breadth charts are telling us there could be a bit of trouble coming for the markets, and our VIP members know our thoughts and timing on this.

As you can see the last few days, there has been far more range in price than JANUARY AND FEBRUARY....and that is very telling that a bigger move is going to come for the market soon. These larger range days should be taken as a warning sign I think.

nasdaq chart

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nasdaq index chart

nasdaq index chart

Taking a look at the nasdaq index chart, the leader has been in a nice downwards channel since the end of September this year.

Friday was quite a big selloff day as you can see. But the nasdaq index chart is showing us sitting at the bottom or support of the downwards channel, so monday will be very interesting.

nasdaq index chart

There is a lot of hype and other pundits out there talking about 1987, and we even posted about this over the weekend. Lots of people are panicking and talking about a historical 25th anniversary of the market crash. The nasdaq index chart even shows two larger sell off days that have occurred and that is a telling sign. However, there is no need to panic at all, and the hype and hysteria is always going to be there. Many amateurs get caught up in this, and wonder why their account soon blows up.

The market has been very strong for months now, and we are getting a little 'back and filling' on the market which is not only normal, but healthy as well.

The crash of 1987, happened back in 1987. That is what people to FAIL to realize  Things were different back then, investors mentality was different, the market itself and the dynamics were a totally a different ball game. These are the biggest things people are forgetting.

nasdaq index chart does not give any indication we are about to crash, neither does sentiment. So we just watch and wait here, while others get caught up in the hype and panic.


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