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Strategies & Market Trends : Ahh Canada - 2 out of 3 ain't bad

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To: Cush who started this subject3/20/2001 8:48:28 PM
From: Cush  Read Replies (1) of 5144
 
<font color=green>The Nasdaq Five Year Chart

www3.sympatico.ca

This is a five year, weekly chart.

I have run a trend line on this chart that may be showing support just below where we are now.

Noted that ugly MACD downtrend, that continues.

Not as easy to see, I've run a blue line across from the current Stochastic oversold situation.
This shows that this indicator is showing more oversold than it has been in five years.

I'd like to think that the five year trend line support and the very oversold Stochastic are indications we may come back from the abyss, if not this week then next.

Cush
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