Nasdaq Lower Highs

By Johns Wu on Feb 09, 2006

I just noticed that the Nasdaq chart is starting to show a more obvious pattern.

The Nasdaq made lower highs last week, which is a bearish signal. It signifies that sellers are trying to get out of the market. Watch how the Nasdaq behaves at the two trendlines to determine whether we are in a bull or bear market.

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This entry was posted on Thursday, February 9th, 2006 at 6:24 pm and is filed under Stock Charts. You can skip to the end and leave a response. Pinging is currently not allowed.