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The Nasdaq tested its low last week and again the MOB level is holding?
Attached is the daily chart followed by a blowup of the current price
action.
the lows have stayed in the price window also (black vertical bars on the
MOB).
On 3-27-01 we did get a close above the blue 6/4 ma channels (and the
regression channel as well). Normally taking out the high of that bar issues
a buy signal (which did not happen) and subsequently the lower 6/4 ma red
channel was violated, so a setup bar is still needed (the red channel is the
stop out point).The high on the 27th was 1879.7 something to watch though?
don ewers
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Attachment:
Description: "NASDAQday033001Blowup.gif"
Attachment:
Description: "NASDAQday033001.gif"
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