article 3 months old

Nasdaq Turning?

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.

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