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NASDAQ and its Moving Averages
Dec 21, 2009

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Tim Knight

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Traffic is bound to be quiet the next couple of weeks, but even on a Sunday, I feel I owe Slopers at least one market-related thought.

I took a look at the NASDAQ Composite with three moving averages, then I hid the prices themselves to try to get a sense, historically, where we were in the market. The explosive rebound we've seen makes it feel much like the end of 2003, just using the moving averages as the guidepost.......

1220-mas

Looking closer at 2003, we can see how it slouched into weakness for most of 2004:

1220-past

Will the same hold true for 2010? If it did, it would look something like this:

1220-future



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