Nasdaq hits 2005 in 2005!
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Here’s looking forward to that .001% appreciation for 2006 for 2006.
Want to know why? The continuing internal decay of the A/D line:
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Graphic courtesy of Michael Panzner
As you can see from the lower chart, the A/D line peaked out in the beginning of the year. We are still sufferring from the A/D peak of January 2004 . . .