Chart of the Week: Nasdaq 52 Week High Lows

Over the intermediate term, market risk has made its first
significant shift in quite a while: it is moving from a neutral/bearish posture
to a neutral/bullish position.

<spacer>
Nasdaq 52 Week High Lows

Nasdaq_52_week_hilo_103105

Source:
Technimentals

<spacer>

As seen above the 52 week new high-new low index (orange
circles) is at levels that in the past few years have marked

interim lows. Given the lack conviction in the new high-low
index now versus 2003 (when things were just getting started) the market still
has work to do to prove this current oversold rally attempt is significantly
more than that.

<spacer>

Random Items:

Silicon Valley humming again

Rethinking the Social Responsibility of Business

Google introduces a new Airport/Flight search feature

Samsung preps digital music download service

Iran-Contra II?

Much rides on ‘Chicken’ for Disney and Pixar

DRM Crippled CD: A bizarre tale in 4 parts

Jay Leno offering advice on how to be a funny kid 

<spacer>

Quote of the Day:

“People’s spending habits depend more on how wealthy they feel than with
the actual amount of their current income.”    –A.C. Pigou

Print Friendly, PDF & Email

Posted Under