NASDAQ COMPOSITE

NASDAQ COMPOSITE SO MUCH WEAKER THAN THE DOW

The Nasdaq composite index is behaving so much weaker than the Dow...right now the Nasdaq is down just over 7% from its peak whereas the Dow is just 1/2% lower...look at the weekly chart below which highlights Nasdaq's weakness. You will notice that the decline in recent weeks in the Nasdaq has dropped it to the parallel lower channel line where it has found support...in the process you will notice that the lower part of the chart shows the Nasdaq relative to the Dow...see how it violated its uptrend week of April 4th and has dropped sharply highlighting the relative weakness.