To all, this is what I see...the Nasdaq will fall more tomorrow it will hold the 2,400's. Then come Tuesday Feb 13 all the way to Feb 23rd, we will see a strong rally, a rally that will take the Nasdaq as high as 3,000's.
Notice the Nasdaq Comp Chart, there is an inverse H&S forming.
Nov 30th is the left shoulder.
Dec 20 all the way to Jan 3rd, is a triple bottom head, already put in place.
Now we are witnessing a right shoulder forming at 2,400's, this is happening on low volume.
I wouldn't be short this market now, to risky, you are better off going long.
The Nasdaq will test it's 200dma, by April.
Good Luck
Giota |
