- December 3, 2008
- Posted by: Ramki Ramakrishnan
- Category: Nasdaq, US Stocks outlook
One of the fascinating things about financial markets is the underlying harmony in price action. Once you spot a trend developing, it is often useful to measure how far a move travelled, and be alert for a swing of similar distance in the next leg of the move. This works whether you are a medium term player, or a day trader. Take a look at the Nasdaq charts here, and you will see what I mean.