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Chart of the Week: % Nasdaq Daily MACD Sell

Posted By Barry Ritholtz On August 26, 2004 @ 3:53 pm In Finance | Comments Disabled

Technimental Research observes “Short-term indicators that have flashed accurate inflection points of late suggest the market is approaching short-term overbought levels and could make a minor top very soon. The odds of this increase with good resistance near 1,875 on the NASDAQ.”

% Nasdaq Daily MACD Sell
click for larger chart
_nasdaq_daily_macd_sell [1]
Source: Redwood Technimentals [2]

The red circles on the charts above highlight when very few issues on the NASDAQ have MACD sell signals. These low readings (below 20%) have corresponded to short-term peaks in upside momentum.

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

URL to article: http://www.ritholtz.com/blog/2004/08/chart-of-the-week-nasdaq-daily-macd-sell/

URLs in this post:

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

[2] Redwood Technimentals: http://www.technimentals.com/cgi-bin/mesh

[3] Ignore Wall St’s whining – Google’s IPO worked: http://news.ft.com/cms/s/5fcb8c12-f246-11d8-861d-00000e2511c8.html

[4] It NOT the economy, stupid: http://forbes.com/home/business/2004/08/25/cx_da_0825economy.html

[5] Learning to live in the age of terrorism: http://www.washingtonpost.com/ac2/wp-dyn/A15004-2004Aug19?language=printer

[6] Realistic rewards: http://www.economist.com/printedition/displayStory.cfm?Story_ID=3104519

[7] The World in 2014: http://www.backbonemag.com/php_site/home.php?m_column_id=php_news/wmview.php?ArtID=907

[8] Software can’t commit piracy: http://www.nbr.co.nz/home/column_article.asp?id=9957&cid=3&cname=Technology

[9] Jokesters now the go-to guys for U.S. candidates: http://www.theglobeandmail.com/servlet/ArticleNews/TPStory/LAC/20040826/DOYLE26/TPEntertainment/TopStoriesa

[10] Alexis de Tocueville: http://www.tocqueville.org/chap1.htm

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