Monday, February 9, 2009
Cup and Handle
Accumulation / distribution in the Nasdaq has now come just up to the high of 57% set on January 6th. Meanwhile, the price appears to have traced the greater part of a handle in what looks like a cup-and-handle bottom. The breakout price is the high of 1665.63, also established on Jan. 6th. The next follow-through day will be significant. A Canslim dream actually.
The symbol is 'NASDAQ' to pull up chart in the Gigascanner.
The symbol is 'NASDAQ' to pull up chart in the Gigascanner.
// posted by gigascanner @ 2:31 PM 
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