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don,
attached is a chart of the s&p 180. Am I reading the chart right w/ the
following anlysis based on our discussion yesterday. the normal elipise is now
about to hit but the 5/35 has lost control so after a pullback w4 of wc we
should have a final advance towards the lt elipise as the 10/70 pulls to the
90-140% zone or plan b is that we are likely topping here as the 10/70 will be
at a 90%rt in the next bar. just a side note we were within 9 points of the w4
target and the 62% level. I also notice that there is no div in the 5/17 which I
would interpret as this being the w3 of wc, just my thoughts as I am trying to
figure out how to better use the elipise
<FONT face=Tahoma
size=2>-----Original Message-----From: Don Ewers
[mailto:dbewers@xxxxxxxxxxxxx]Sent: Thursday, October 04, 2001
10:54 AMTo: realtraders@xxxxxxxxxxxxxxxSubject: Re: [RT]
NASDAQ-100BobR,You can find the "weighting" at
this site:<A
href="http://dynamic.nasdaq.com/dynamic/nasdaq100_activity.stm";>http://dynamic.nasdaq.com/dynamic/nasdaq100_activity.stmAlso
check out this "heatmap" of all the NDX 100<A
href="http://screening.nasdaq.com/heatmaps/heatmap_100.asp";>http://screening.nasdaq.com/heatmaps/heatmap_100.aspdon
ewers----- Original Message -----From: "BobR"
<bobrabcd@xxxxxxxxxxxxx>To:
<realtraders@xxxxxxxxxxxxxxx>Sent: Thursday, October 04, 2001 9:33
AMSubject: Re: [RT] NASDAQ-100> That is a very interesting
post, Stan. Do you know which of the NDXstocks> are the most
influential in the index movement, perhaps the top 6 or so?> Can you
make a hierachy screening of the components of the index from most>
influential to least?>> thanks,> bobr>>
----- Original Message -----> From: "Stan Book"
<sbook@xxxxxxxxxxx>> To:
<realtraders@xxxxxxxxxxxxxxx>> Sent: Wednesday, October 03, 2001
9:37 PM> Subject: [RT] NASDAQ-100>>> > Just
scanned the NASDAQ-100 stocks. There are many more examples of>
positive> > than negative accumulation line divergence's. This
suggests an> intermediate> > term bottoming process may have
begun.> >> > In terms of cycles, we are within the time
frame of a 3,6 & 9 month low> (the> > corresponding 12
month low was overwhelmed). We also have reasonable> > symmetry with
the October 1998 low. No guarantees, of course.> >> >
While short sell candidates are few and far between, a good rally
could> > change that. The best short candidate I find is BBBY. The
stock isbumping> > up against potential resistance with evidence
of distribution. This is> often> > a low risk short sell
setup.> >> > Especially for NW is bottom fishing
candidate, LLTC. This stock has gone> to> > new lows with
evidence of accumulation which suggests a potential trend> > change.
LLTV has the largest divergence of price to accumulation line of>
all> > NASDAQ-100 stocks. I would be happy with a rally followed by
a pullbackto> a> > double bottom with evidence of
continued accumulation. This wouldnormally> > present a low risk
intermediate term buy set up.> >> > Other NASDAQ-100
stocks that show strong accumulation are:> > BGEN - higher 10 week
low> > CEFT - higher 6 & 9 month low> > IMNX - 6 month
high> > MEDI - 6 month double bottom (slightly higher low)>
>> > NASDAQ-100 stocks that show strong distribution have lost
more than 90%of> > their value over the past 100 trading days.
They have virtually allbecome> > penny stocks.>
>> > No recommendations, just some observations.>
>> > Stan> >> >> >>
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Attachment:
Description: "10-4s&p180.GIF"
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