Nas 3 Year

Posted by downtowntrader | 10/14/2005 12:12:00 PM | 0 comments »

Take a look at the Nasdaq on a weekly chart for 3 years. I think we are finding support here at the bottom of the triangle. The daily chart looks less promising, but we do have a little room for a bounce and it is very oversold on the daily. I am looking for tech's to daytrade today. I don't think we are in a market conduscive to holding anything long or short right now. Good Luck,