The same is true for the Nasdaq, although its low was only 3 weeks ago. It has been trading in a tight trading range for the last 3 weeks.
Monday, November 10, 2008
November 7, 2008 - Weekly Recap
The DJIA for the week shows that it is still oversold considerable from the stochastics. The other thin is that it has not hit another low for 5 weeks. It is presently in a trading range and do not expect it to break out until it crosses its high of 5 weeks ago. 
The same is true for the Nasdaq, although its low was only 3 weeks ago. It has been trading in a tight trading range for the last 3 weeks.
The same is true for the Nasdaq, although its low was only 3 weeks ago. It has been trading in a tight trading range for the last 3 weeks.
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