|
PureBytes Links
Trading Reference Links
|
I recommend monitoring both NYSE and NASDAQ. Use the NASDAQ as a trend
indicator and stand aside the S&P when NYSE signals diverge from the
NASDAQ e.g. had a NYSE sell signal several days ago but I did not short
the S&P. I am currently monitoring a major developing divergence in the
NASDAQ and when the NASDAQ breaks, it will be time to short the S&P, but
not the NASDAQ.
Earl
----- Original Message -----
From: "Michael Mangiafico" <Mmangiafico@xxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Thursday, February 10, 2000 2:15 PM
Subject: [RT] S&P
> The S&P posts today that Ben put out are an example of what I think is
> simply amazing. I have been short the S&P since yesterday morning.
It is
> great when you analyze something and your work is correct. What
shocks me
> is I am right, but the 3% moves in Nasdaq negate what gains I should
be
> getting on my short of the S&P 500.. The power of the Nasdaq is quite
> insane, forget 5% per month, how about 6-10% per week. At this rate,
we
> should be up 100% by the end of May.
>
> My point to this post is simple: Is it really appropriate to trade
the S&P
> anymore, since Nasdaq is all that matters?? Analysis of the S&P really
does
> not matter if the Nasdaq continues on such a crazy move, as it will
negate
> movement, up or down, in the S&P. Anyone notice the S&P has really
gone
> nowwhere in 3 weeks.
>
> mm
>
>
>
|