Technicals | Mar 06 2012
By Rudi Filapek-Vandyck, Editor FNArena
Yesterday, Joe Weisenthal, Deputy Editor at US-based Business Insider (dot com), published a rather intriguing chart, which was sent in by one reader of his regularly updated financial blog. Following on from my own cautionary comments in this week's Weekly Insights (paying subscribers: check your inbox) I thought it highly appropriate to replicate this chart and bring it to the attention of FNArena subscribers.
What the chart suggests is that nine weeks of up-up-and-away for the Nasdaq remains a rare occurrence; it only happened twice for as far as this chart goes back in history. Probably of more importance is that history now suggest "flat-lining" is the best investors should expect for weeks ahead.
Technical limitations
If you are reading this story through a third party distribution channel and you cannot see charts included, we apologise, but technical limitations are to blame.
Find out why FNArena subscribers like the service so much: "Your Feedback (Thank You)" – Warning this story contains unashamedly positive feedback on the service provided.
