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techcharter

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techcharter

Re: None

Monday, 01/30/2006 10:16:27 PM

Monday, January 30, 2006 10:16:27 PM

Post# of 51809
Nasdaq Ending Diagonal

Look at the ending diagonal off the October 2005 lows.

http://stockcharts.com/def/servlet/SC.web?c=$compq,uu[w,a]dacayyay[dc][pb50!d20,2!f][vc60][iLp14,3,3....

If it hasn't topped already, then it will very quickly. Either way the NAZ is signalling a strong break to the downside beginning any day.

FTSE and DAX look nearly complete and should turn at relatively the same time as the US markets.

The yield on the 10 yr TSY has rallied enough to signal a new trend, It is above the 50 DMA and near the upper Bollinger bands. I expect a few days of consolidation before new 52 week highs are reached. Tomorrow's news today: Bernake Causes a Bond Rally.

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