NASI Topped Out

By Johns Wu on Feb 07, 2006

The $NASI is a fairly cool indicator that shows market strength. Over the last year, however, the $NASI has been forming lower highs.

The $NASI has turned over last week, failing to breakthrough the falling trendline. This hints at a bear-market in the short-term. Be careful with long positions out there.

This entry was posted on Tuesday, February 7th, 2006 at 12:55 pm and is filed under Annotated Analysis. You can skip to the end and leave a response. Pinging is currently not allowed.