NASDAQ, Is That Your Head?

By the looks of this daily NASDAQ chart, and especially since nobody is talking about it [hint: that’s when technical analysis works] we are forming the right shoulder right now:

Right on the multi-year volume point-of-control:

Bearish conviction kicks in if/when we take back last week’s trend day.  Last Tuesday’s range for the newbs lurking on my blog.  Say hello noob, I am a good guy, and sexy.

You think you can defeat me.  Not if I see you first.  Remember that.