Jolly
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Riporto, da Yahoo Finance:
TradingMarkets.com
Nasdaq 3000?
Wednesday July 27, 9:59 am ET
By Tim Truebenbach
Good Market! We are seeing solid action out of a market that has been lagging for the past couple of years. Are we going straight to NASDAQ 3,000? I don't know, but I can tell you that if we get past 2,200 we run into a blip at 2,328, but no real resistance until 2,800-3,000.
If you don't think it can happen, then I will share the fact that the Dow did the exact same thing back in 1935. After an initial rally off the lows of 1932 (NASDAQ 2002), the market paused until 1935. After forming a nice handle, it proceeded to rally almost to the equivalent of NASDAQ 3,000. Due to chart constraints, we are unable to show the similarity, but if you search the internet I'm sure you can come up with an example.
We do need to get through 2,200 before this can happen, but it is a strong possibility. There's no doubt that quite a few market participants have been shaken out since 2000. If the declining market didn't get you, the past two years of boredom did! We currently have a number of leading sectors in the market: housing (still!), retail and medical. Consumer-related names continue on a strong path.
Individual stocks are also acting well and providing leadership. Google (GOOG) still remains in the driver's seat. The Chicago Mercantile Exchange (NYSE:CME - News) is finding buyers. We also see old names like NVR and Pulte (NYSE
HM - News) just off new highs.
Enjoy the market and don't forget to follow up on leading names.
Tim Truebenbach
Che ne dite?
E' arrivata l'ora di vendere con decisione?
Il furbacchione naturalmente si protegge le terga con la quota 2200......
Ciao
jolly
TradingMarkets.com
Nasdaq 3000?
Wednesday July 27, 9:59 am ET
By Tim Truebenbach
Good Market! We are seeing solid action out of a market that has been lagging for the past couple of years. Are we going straight to NASDAQ 3,000? I don't know, but I can tell you that if we get past 2,200 we run into a blip at 2,328, but no real resistance until 2,800-3,000.
If you don't think it can happen, then I will share the fact that the Dow did the exact same thing back in 1935. After an initial rally off the lows of 1932 (NASDAQ 2002), the market paused until 1935. After forming a nice handle, it proceeded to rally almost to the equivalent of NASDAQ 3,000. Due to chart constraints, we are unable to show the similarity, but if you search the internet I'm sure you can come up with an example.
We do need to get through 2,200 before this can happen, but it is a strong possibility. There's no doubt that quite a few market participants have been shaken out since 2000. If the declining market didn't get you, the past two years of boredom did! We currently have a number of leading sectors in the market: housing (still!), retail and medical. Consumer-related names continue on a strong path.
Individual stocks are also acting well and providing leadership. Google (GOOG) still remains in the driver's seat. The Chicago Mercantile Exchange (NYSE:CME - News) is finding buyers. We also see old names like NVR and Pulte (NYSE
HM - News) just off new highs.Enjoy the market and don't forget to follow up on leading names.
Tim Truebenbach
Che ne dite?
E' arrivata l'ora di vendere con decisione?
Il furbacchione naturalmente si protegge le terga con la quota 2200......
Ciao
jolly
