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2005 in 2005!

Posted By Barry Ritholtz On March 18, 2005 @ 2:36 pm In Markets | Comments Disabled

Nasdaq hits 2005 in 2005!
click for larger graphic
Nasdaq_ytd_31805_1 [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 [2]

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 . . . 


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[1] Image: http://bigpicture.typepad.com/.shared/image.html?/photos/uncategorized/nasdaq_ytd_31805_1.gif

[2] Image: http://bigpicture.typepad.com/.shared/image.html?/photos/uncategorized/nasdaq_breadth_31805.jpg

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