The Nasdaq and the Semiconductor Holders were the best indices on the day. The Smallcaps held up well on lower volume. The big selling was in the SP500 Index. Continue reading
Nasdaq Still The Strongest with Lower Volume Down Day
August 7th, 2008 No Comments
Tags: Nasdaq Charts · Russell 2000 Smallcaps · SOX · Standard and Poor's 500 (S&P500) · Volume
Microsoft (MSFT) Buyback
August 7th, 2008 2 Comments
The longer term chart of Microsoft (MSFT) shows a big falloff from 2000 and little change from 2002 to 2006. The range square from 2006-2007 is the first significant and measurable move since the 2000 drop. It looks like five waves down from 2007 which usually will not lead to a big move up without at least a retest of the low after and a-b-c counter trend move up. Continue reading
Tags: MSFT · Square of Range