Looking forward a touch

[payneg01]

Just thought I'd post this chart

Not exactly day-trading, just trying to look forward.

Good luck
Greg

 

[FTSE Beater]

Hi Payneg01

I think if the Nasdaq can climb above 2000, then I believe it will signify the start of the recovery 🙂, mainly because of the Head and Shoulders, but also the psychological level that 2000 gives.

IMHO

 

[Riz]

Lets hope the H&S breaks on the upside as the last uptrending bottoms suggest, otherwise we'll be witnessing the mother of H&Ss which shouldnt be something to look forward to I suppose 🙂

Riz

 

[Naz]

I was interested to see those trend lines across the highs and lows.I would be interested to see what happens if we reach that bottom trend line shortly.Will it bounce? and maybe start to make one massive triangle with the trned line formed across the highs.The Nasdaq makes lots of triangles in many time frames.Trading the break outs and break downs of these has always proved extremely profitable.

 

[Naz]

Those trend lines posted by payneg01 gave me the idea of putting some on the chart i post below.

 

[Naz]

Now do more or less the same to the $sox and it just shows you how important that sector is going to be in deciding the outcome of the Nasdaq.