Sunday, August 27, 2006

NASDAQ Technical Picture - Low Volume Consolidation

The NASDAQ is in a low volume consolidation phase as it continues to trade within in its bullish flag pattern.


Failure to reclaim the 50 period MA on the 60 minute timeframe leaves the NASDAQ open to further retracement.

2 comments:

Anonymous said...

Hi, Jamie - I noticed that the daily NASDAQ chart in this post links to an older full-size chart - the full-size chart is 2 days older than the miniature one in this post. Must be a link bug of some sort.

Rx

Anonymous said...

Sry, my bad - it simply needed a refresh , since it has the same URL as the older chart had. Just a cache issue, not the site's.

Rx