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----- Original Message -----
From: "Earl Adamy" <eadamy@xxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Wednesday, April 05, 2000 3:54 AM
Subject: [RT] Re: MKT- NASDAQ
> Here are 2 year charts of daily NASDAQ McClellan Oscillator and
> McClellan volume oscillator - not pretty. While the NYSE models look
> much better, they have started to roll over a bit. As indicated in
> yesterday's post, the deep retracement in the SP has limited the upside
> potential and I took index fund money off the table on the close. I
> believe that yesterday did enough technical damage to (at least
> temporarily) destablize the equity markets. Given the higher risk at
> this point, I will wait for the NYSE model to join the NASDAQ model in
> sell territory and re-evaluate when I get the next buy signal.
>
> Earl
>
> ----- Original Message -----
> From: "BobR" <bobrabcd@xxxxxxxxxxxxx>
> To: <realtraders@xxxxxxxxxxxxxxx>
> Sent: Tuesday, April 04, 2000 6:39 PM
> Subject: [RT] Re: MKT- NASDAQ
>
>
> > 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.
> > > >
> > > >
> > >
> > >
> > >
> >
>
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