2006-5-8 2006-5-8 The stock market has taken a pause and a short-term pullback has started. It is possible that this pullback ended today, although it is more likely that the indices fall around 1% from here, before continuing the uptrend.The first chart is of the NASDAQ 100. This annotated chart was shown last week. You can see how the Bollinger Band Width indicator has begun to reverse direction, suggesting that volatility may continue to fall and more sideways to slightly down action will continue. Once this indicator decreases we believe another move higher will start. Our system almost triggered a sell signal at the top last week. As it did not, we expect only a short-term pullback and the NASDAQ 100 to push above 2006 highs before a mid-term top is in. We believe support sits around 1% lower from here. 156886 text/html http://www.nasdaqwizard.com/MidPics/mid041006.html 1.0 EN index,follow Stock Market Pause Short-Term Pullback Stock Market Pause, Short-Term Pullback text