Stock Market Viewpoint

Stock Market Viewpoint
Reading the Tea Leaves...

Friday, February 4, 2011

Nasdaq's Third Breakout Attempt 2/4/11

Stock Market Technical Analysis

 Click on above image to enlarge

The charts above are midterm and longterm charts of the Nasdaq.  We see that after last week's double top failure the Nasdaq had a big ramp up day and is now making a third attempt to breakout of its longterm channel.  Next week could bring a sudden move in either direction.