The Nasdaq's recent failure to break 2780 could be part of the formation of a disturbing 'triple top' pattern, says Warren Firth at www.globalprimepartners.com.au.
As the Dow rallies on towards my target of a new record high at 14545, I expect the Nasdaq to rally once more into the 2762-2780 range and then to suffer a correction. I would therefore short a rise into this band.
