Thursday, December 18, 2008

What's Next For The NASDAQ



Stocks were down today and as you can see in the above chart the NASDAQ's volatility is contracting. I think a close above or below the triangle will determine the next move for the stock market.

In the lower panel is the On Balance Volume Indicator which is looking somewhat weak right now. I'm still short the Q's with a protective stop right above last week's high.

2 comments:

Gerritnow said...

Hey, I love your photos..they are really nice...

Anonymous said...

Agree with your view and post at this time. Lets see what happens.

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