NASDAQ Composite ($COMP) Chart - March 7, 2008
Support from the low closing price in January broke this week for the S&P 500 ($INX) and the Dow Jones ($DJI). The intraday lows from January 23rd and 22nd respectfully haven’t been broken yet if you need something to help you sleep better. The NASDAQ Composite ($COMP) broke it’s January low closing price at the beginning of February, a full month ago. That’s where I’m returning my attention to today with two charts.
The first chart is from my January 27th post, a chart of the $COMP from a three year, weekly perspective. I was drawn back to it to see what I thought back then. The best line I drew is the one ending in circle B. If I redrew such a long chart again today you’d see that line is still holding.
I started with the older chart so I could find something positive to say before I detailed my second chart - the […]
Original post by Alex Fotopoulos