Nasdaq Bullish Pattern Forming | Stock Discussion Forums

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends
Nasdaq Bullish Pattern Forming

An SI Board Since March 2002

Posts	SubjectMarks	Bans
10	3	0

Emcee: Rudy	Type: Unmoderated

Introduction Compact

Nasdaq bullish pattern forming (?)

I put the question mark because the rare reverse head and shoulders pattern is not completed yet. If it gets completed, then technically the major bottom will be made and the index will start rising again and create a new bullish pattern.

Let me explain. Take a Nasdaq 5 year chart. Draw a line from January '01 low through May '01 high and January '02 high. This is the neckline. Left shoulder is the April '01 low, head is the infamous September '01 low and the right shoulder is forming now(? - we will see).

If right shoulder gets completed and the chart breaks the neckline, I predict this to happen within a couple of months at about 2000 level, then we can call a new bull market!

This gets me excited because it is very rare to see such a distinctive Head and Shoulders reversal.

Now what do you say, is Nasdaq near a new bull market?

Good luck to all longs and shorts out there.

Rudy

"Avoid greed, for greed in itself is poverty."

Go to reply# or date (mm/dd/yy):

Reply	Message Preview	From	Recs	Posted
10	<<She's trying to undermine the bullish sentiment by calling this a me	WTMHouston	-	3/12/2002
9	Ohhh Maria Bartiromo!!! She's trying to undermine the bullish sentiment by	Rudy	-	3/11/2002
8	From Yahoo on Nasdaq chart: biz.yahoo.com Part of it as follows: INVERTED HEA	Rudy	-	3/10/2002
7	A quick and dirty 10 stock portfolio which I think would appreciate greatly if t	Rudy	-	3/7/2002
6	This is very interesting indeed!!! Thanks ~protege. Nasdaq reverse H&S and	Rudy	-	3/6/2002
5	weekly for Prudent Bear Mutual Fund ttrader.com	~digs	-	3/6/2002
4	can't disagree there Rudy.. thanks for your thoughts	~digs	-	3/5/2002
3	I agree that for calling the bear dead is very early yet. However, IMO if Nasda	Rudy	-	3/5/2002
2	inverse head and shoulders pattern is indeed interesting. i show it as measuring	~digs	-	3/5/2002
1	Things shaping as if this reverse head and shoulders pattern will be completed.	Rudy	-	3/5/2002

Go to reply# or date (mm/dd/yy):