Wednesday, September 14, 2005

Nasdaq Composite Bull Market

Here is an updated weekly chart of the Nasdaq composite index. I last discussed this chart here.

The index continues to creep higher despite all the pessimism I see around me. My minimum target for this bull market is 2566 which is 1/2 the all time high of 5133. A more optimistic target is 3120 which is the 1/2 point of the range between the 2000 top at 5133 and the 2002 low at 1108. A likely " compromise " target ? How about the top of the next bull market box at 2760.

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