Monday, November 20, 2006

NASDAQ Technical Picture - Bullish Low Volume Consolidation

Except for a very bullish semiconductor sector, the overall market felt sluggish. Low volume consolidation is bullish, but I'm starting to see some negative divergence on the lower timeframe. No economic data tomorrow.

2 comments:

Anonymous said...

looks more like a triangle( connect the bottom with a rising histogram on the 15....above zero line also. awesome blog, I learn from you everyday....

Jamie said...

Great, thanks!