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The next decent targets I have for NDX amount to new lows. Would fit
with the astro for May. Bonds seem bullish...dollar seems
bearish...gold seems bullish. All fits.
Chris
--- In realtraders@xxxx, "BobR" <bobrabcd@xxxx> wrote:
> One way to view the new highs new lows is as a percentage of NH/
(NH+NL).
> There are three distinct zones, mkt trendingup and at highs, middle
zone,
> mkt trending down and making lows. The ratio is like 0.7 and
higher at the
> highs, 0.3 or less at the lows. In between the mkt is in
transition. At
> the moment the Nasdaq and related groupings have dropped out of the
bullish
> zone and are migrating lower across the mid zone. This looks kinda
bearish
> to me.
>
> bobr
>
> ----- Original Message -----
> From: "metatrader108" <metatrader108@xxxx>
> To: <realtraders@xxxx>
> Sent: Friday, May 03, 2002 8:15 AM
> Subject: Re: [RT] ndx bottom
>
>
> > What about nasdaq making new low on weekly fast?
> >
> > --- In realtraders@xxxx, "Lee Morris" <LMorris@xxxx> wrote:
> > > I have not tested this but it is my sense that you seldom make
> > significant
> > > lows on fri and to a lesser extent on mondays. Does anyone have
any
> > firm
> > > stats on this. Turn-a-round Tuesday has always had a nice sound
to
> > it.
> > > -----Original Message-----
> > > From: profitok [mailto:profitok@x...]
> > > Sent: Friday, May 03, 2002 12:16 AM
> > > To: realtraders@xxxx
> > > Cc: gannsghost@xxxx
> > > Subject: [RT] ndx bottom
> > >
> > >
> > > Tomorrow we SHOULD make a lower low
> > > and then up
> > > my work suggests that even if we make a lower low Monday,,
that
> > should
> > > be it,,
> > > the graph attached is showing (proprietary) we are closer
to a
> > bottom,,
> > > nice trading tomorrow
> > > good week end
> > > Ben
> > >
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