|
PureBytes Links
Trading Reference Links
|
Whew, I am glad you addressed that question to Norman and not me. Cuz
things don't look too good from a cumulative volume perspective. Some
months back we looked at this chart with Ben's input and noted the NASDAQ
rocketing up last fall while the NYA sucked exhaust gas. If we take another
look now, ha!, grin, in retrospect, for the last week what we see should
make the events of this week no great surprise. Ben said to compare the
cumulative volume of the NASDAQ and the NYA individually and combined. He
also said to apply a 21 day exponential moving average to the CVs. So, here
we have the picture. On 3/30 the NASDAQ CV closed below the 21 day XMA.
Back on 3/15 the NYA CV closed above its 21 day XMA. On 3/31 the NASDAQ CV
came up to tag its XMA from below as the CCO came up to tag a horizontal
trendline based on closing prices. The rest is history. That appears to be
the anatomy of a crash.
Astrotechwise, there had been some statements made earlier in the week by
others that the conjunctions this week were like August 1987. My contention
was that the similarities did not jive until July 2(which is on a weekend).
So the market did not stay down, as it would have if the simile was valid.
Instead, we got the resiliant rubberband effect as it just is not "in the
stars" yet for it to stay down.
BobR
----- Original Message -----
From: Earl Adamy <eadamy@xxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Cc: <realtraders@xxxxxxxxxxxxxxx>
Sent: Tuesday, April 04, 2000 5:19 PM
Subject: [RT] Re: MKT- NASDAQ
> Does that mean you see further imminent declines in NASDAQ? Looking at
> my models, all 3 are at lows not seen since Aug98. This indicates that a
> bottom will not be made until there is a successful retest of the lows.
> I very much doubt that today was it.
>
> BTW, the weakness in the commodities was very noticeable near today's
> lows in the equity markets. I took advantage of the opportunity to do a
> bit of buying.
>
> Earl
>
> ----- Original Message -----
> From: "nwinski" <nwinski@xxxxxxxxxxxxxxx>
> To: <realtraders@xxxxxxxxxxxxxxx>
> Cc: <realtraders@xxxxxxxxxxxxxxx>
> Sent: Tuesday, April 04, 2000 6:28 PM
> Subject: [RT] Re: MKT- NASDAQ
>
>
> > BobR,
> >
> > The Mars - Jupiter Conjunction will occur Wed. night at approx. 10
> Taurus which
> > is 40 degrees of the Zodiac. Upon studying your chart, I wondered if
> this position
> > has any effect on the NASDAQ?
> > 11 cycles of 360 = 3960 + 40 = 4000. So I looked at your chart and
> was disappointed
> > when it cut through that level like a knife through paper. Then I
> said to myself,
> > "myself, ok this was a very big volatility day, maybe I should also
> look at one
> > cycle (360) down and see if it got there?" Then, upon figuring out
> that the Mar
> > Jupiter number was 3640 and that Saturn Uranus were at 3650, and then
> looking at the
> > low for the COMPQ (NASDAQ Comp) at 3649.11, my eyeballs about fell out
> of my head.
> > Kewl!
> > Coincidence?
> >
> > Planetarily,
> >
> > Norman
> >
> > P.S. Watch for support and resistance for COMPQ at 3640-50, 4000-10,
> 4360-70, etc.
> >
> >
>
>
>
Attachment Converted: "f:\eudora\attach\NASDQcv.gif"
|