|
PureBytes Links
Trading Reference Links
|
have not finished my homework yet
But
my work suggest for BOTH NASDAQ and nya
for the week sideways
we are at end of month seasonally which MAY
make the bias up slightly
nice weekend
Ben
----- Original Message -----
From: "Earl Adamy" <eadamy@xxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Sunday, March 25, 2001 2:11 PM
Subject: Re: [RT] Up from here (soon)?
> I consider the weekly and daily trend to be down in all markets, however
the
> move down in the NASDAQ appears to be running out of steam for the moment
> while the NYSE, DJIA, Ru2000, and S&P's have accelerated their downward
> move. Further, my NASDAQ breadth models are on a buy with bullish
divergence
> while my NYSE models are on a buy with bearish divergence. VIX is one of
my
> primary indicators and it is bullish. My general outlook is for a tradable
> rally in the NASDAQ using hourly charts and tight stops. We may see
rallies
> in the other indexes, however I expect that the other indexes will tend to
> pressure the NASDAQ - a reversal from last year when the NASDAQ pressured
> NYSE rallies. Once these rallies have run their course, it should be time
to
> expect another leg down. If these rallies run a couple of months, the next
> leg down could be the final decline.
>
> Earl
>
> ----- Original Message -----
> From: "Steve Walker" <steve@xxxxxxxxxxxx>
> To: <realtraders@xxxxxxxxxxxxxxx>
> Sent: Sunday, March 25, 2001 9:35 AM
> Subject: [RT] Up from here (soon)?
>
>
> > There is quite a bit of evidence that an intermediate turning point is
in
> . In addition to the COT data I sent earlier:
> >
> > March 16: the total index put/call ratio hits a very high 1.08
> > March 16: the equity put/call ratio hits a very high .97
> > March 16: the five day avg of adv issues total - five decl issues hits a
> high of
> > -923.
> > March 21: Rydex (Nova + OTC assets) / Ursa hits a very low 4.57
> > March 22: intraday VIX hit 41.99
> >
> > A Bollinger Band application to the equity put/call ratio has signalled
> "Buy" for nine days running.
> >
> > Thursday afternoons price reversal combined with the follow thru on
> Friday.
> >
> > So, I am wrestiling with a change of strategy. Is it time to switch
from
> "sell the rally" to "buy the dip" ?
>
>
>
> To unsubscribe from this group, send an email to:
> realtraders-unsubscribe@xxxxxxxxxxxxxxx
>
>
>
> Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
>
>
>
------------------------ Yahoo! Groups Sponsor ---------------------~-~>
Make good on the promise you made at graduation to keep
in touch. Classmates.com has over 14 million registered
high school alumni--chances are you'll find your friends!
http://us.click.yahoo.com/03IJGA/DMUCAA/4ihDAA/zf_UlB/TM
---------------------------------------------------------------------_->
To unsubscribe from this group, send an email to:
realtraders-unsubscribe@xxxxxxxxxxxxxxx
Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
|