Nasdaq hits 2005 in 2005!
click for larger graphic
Nasdaq_ytd_31805_1

Here’s looking forward to that .001% appreciation for 2006 for 2006.

Want to know why? The continuing internal decay of the A/D line:
click for larger graphic

Nasdaq_breadth_31805

Graphic courtesy of Michael Panzner

As you can see from the lower chart, the A/D line peaked out in the beginning of the year. We are still sufferring from the A/D peak  of January 2004 . . . 

Category: Markets

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