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Chart of the Week: Nasdaq Head & Shoulders Formation?

Posted By Barry Ritholtz On July 22, 2004 @ 12:39 pm In Finance | Comments Disabled

All the major indices appear to be on the verge of tracing out a major continuation pattern: The Head & Shoulders. While often thought of as a reversal pattern at tops or bottoms, H&S is also a continuation pattern.

Nasdaq (1 year chart) Head & Shoulders Formation?
click for larger chart
nasdaq_hs_july_04 [1]
Source: Fighting the Next War [2]
Elections not always good for stocks [3]
Crippling Innovation — And Intelligence [4]
Spooked investors 1, Greenspan 0 [5]
A Time for Reckoning: Ten lessons to take away from Iraq [6]
iPod Nation [7]

Quote of the Day:
“It’s not that I am so smart; It’s just that I stay with problems longer”
-Albert Einstein [8]


Article printed from The Big Picture: http://www.ritholtz.com/blog

URL to article: http://www.ritholtz.com/blog/2004/07/chart-of-the-week-nasdaq-head-shoulders-formation/

URLs in this post:

[1] Image: http://bigpicture.typepad.com/comments/images/nasdaq_hs_july_04.html

[2] Fighting the Next War : http://www.americanoutlook.org/index.cfm?fuseaction=article_detail&id=3148

[3] Elections not always good for stocks: http://cbs.marketwatch.com/news/story.asp?guid=%7B79F26808%2D2A8B%2D42EA%2DB28D%2D73DFA4CB7397%7D&siteid=mktw

[4] Crippling Innovation — And Intelligence: http://www.washingtonpost.com/wp-dyn/articles/A477-2004Jul20.html

[5] Spooked investors 1, Greenspan 0: http://cbs.marketwatch.com/news/story.asp?guid=%7BD3409A6C%2DD4C7%2D4E8B%2D887A%2D5C42063FEB6B%7D&siteid=mktw

[6] A Time for Reckoning: Ten lessons to take away from Iraq: http://www.amconmag.com/2004_07_19/article.html

[7] iPod Nation: http://www.msnbc.msn.com/id/5457432/site/newsweek

[8] Albert Einstein: http://www-gap.dcs.st-and.ac.uk/~history/Mathematicians/Einstein.html

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