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Strategies & Market Trends : Aardvark Adventures

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Nov 26 3:59 PM EST

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From: Ron	1/29/2005 1:12:52 PM
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An update on the Nasdaq chart. Chart posted a week ago: ttrader.com Chart today: stockcharts.com[w,a]waclyyay[df][pb50!b200!f][vc60][iLah12,26,9]&pref=G Not a lot of change in a week, except MACD has now barely crossed over on the down side. This is the kind of thing that can drive some technical analysts crazy: news often can and does trump TA. Depending on the geopolitical situation, we could move deeper into the correction, or snap back up into at least a short term rally. Probably won't know for awhile. (Iraq election/situation and Fed meetings this coming week). My guess is Tuesday will be a big day either way. Bunch more earnings coming, some big ones on Tuesday.

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