LunaticTrader

Investing with the Moon

Yet another push higher

Posted by Danny on February 17, 2014

Stock markets didn’t look back last week, and some indexes have already recovered their January losses. With a lunar green period set to start this week the rally is likely to carry on into March. Let’s have a look at the Nasdaq chart (click for larger image):

Nasdaq

All my technical indicators bottomed out last week and the Nasdaq has climbed back to new highs for the year already. The Earl is reaching overbought territory, but the Earl2 and MoM indicators suggest that there is more room to rise. Based on the long term trend channel the Nasdaq can climb to approximately 4350 by early March.

Good luck,
Danny

 

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2 Responses to “Yet another push higher”

  1. K.C.Trade & Industries said

    hello dany

    i m a stock & commodity advisor  & trader from india.pls guide how your software may help me in & how much we can rely on it.

    thx

    Sent from Samsung Mobile

    LunaticTrader wrote:

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