Monday, March 10, 2008

NASDAQ Technical Picture - Bears Own It

The measured move from the break of the symmetrical triangle is about half way done.

Every bounce is a shorting opp.

We're oversold but I'm not holding my breath for a tradable bounce just yet.

Put buying testing January highs.


2 comments:

Anonymous said...

I'm just glad I could put some retirement money to work as this triangle was breaking to the downside :)

TJ said...

Jim,

I know how you feel, the TSX lost 275 pts. today and I'm going to be afraid to look at my MF statement tomorrow.