29 July 2006
Nasdaq Composite - Daily / Weekly / Monthly Charts (29 Jul 06)
Weakest among the 3 major US indices.
Daily - MA 50 100 150 bearish arrangement, but a small db formation has been broken out without heavy volume, indicating a bear rally is ongoing, wave 2 (bear rally to MA 50 100) of wave C in progress?
![](http://photos1.blogger.com/blogger/2504/2696/400/nas3.jpg)
![](http://photos1.blogger.com/blogger/2504/2696/400/nas2.jpg)
![](http://photos1.blogger.com/blogger/2504/2696/400/nas1.jpg)
Weakest among the 3 major US indices.
Daily - MA 50 100 150 bearish arrangement, but a small db formation has been broken out without heavy volume, indicating a bear rally is ongoing, wave 2 (bear rally to MA 50 100) of wave C in progress?
![](http://photos1.blogger.com/blogger/2504/2696/400/nas3.jpg)
![](http://photos1.blogger.com/blogger/2504/2696/400/nas2.jpg)
![](http://photos1.blogger.com/blogger/2504/2696/400/nas1.jpg)