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6/6/04

26/11/04

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THE BIG PICTURE FOR NASDAQ

  Sample analysis (6th of June 04)

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Component 1 : +/- 6 months (black line) : Sideways

Component 2 : +/- 3 months (red line)     : Sideways

Component 3 : +/- 1.5 months (blue line) : Sideways

Component 4 : For swing traders (2-4 weeks)  : Topping (see second chart below)

Sideways...that's it. Not much action except in the short term. Standard disclaimers apply

Comment (27/11/04): Although the long term trend of the index is up (the black lines), upon inspection of the Nasdaq components, INTC, MSFT, YHOO, they are going down instead. Perhaps some tech sectors are pushing the index up.


 

And below here is Cisco (CSCO). Notice that the trend is down ?

And below here is Intel (INTC). The trend is down as well.