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Re: [RT] A (weak) case for a bounce in NDX/QQQ



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It was not delivered on Saturday
but it was finally delivered Sunday
Ben
----- Original Message -----
From: "Daniel Goncharoff" <thegonch@xxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Sunday, July 07, 2002 6:55 AM
Subject: Re: [RT] A (weak) case for a bounce in NDX/QQQ


> Isn't all this available from the Market Lab in Barrons.com?
>
> Regards
> DanG
>
> profitok wrote:
> >
> > did not get Barron's this week end??
> > Dow Jones on strike?
> > anyone can e mail me privately the data from it for the last 4 days
> > adv issues,, dec issues,, up vol,, down vol,, new high and new lows,,
and
> > total volume
> > thanks in advance
> > Ben
> > ----- Original Message -----
> > From: "Kent Rollins" <kentr@xxxxxxxxxxxxxx>
> > To: <realtraders@xxxxxxxxxxxxxxx>
> > Sent: Saturday, July 06, 2002 10:47 PM
> > Subject: Re: [RT] A (weak) case for a bounce in NDX/QQQ
> >
> > > Gary
> > >
> > > Do you have New Highs/New Lows?  That can sometimes resolve
ambiguities.
> > >
> > > Kent
> > >
> > >
> > > ----- Original Message -----
> > > From: "Gary Funck" <gary@xxxxxxxxxxxx>
> > > To: "Realtraders@xxxxxxxxxxxx Com" <realtraders@xxxxxxxxxxxxxxx>
> > > Sent: Saturday, July 06, 2002 3:56 PM
> > > Subject: [RT] A (weak) case for a bounce in NDX/QQQ
> > >
> > >
> > >
> > > Attached are a few charts.
> > >
> > > 1. The MACD of VIXN shows that implied volatility has peaked and is
> > rolling
> > > over. Bullish.
> > >
> > > 2. The weekly chart of NDX shows a head and shoulders formation. The
> > bottom
> > > neck line is broken. If we do rally, a rally back to the shoulder
line,
> > and
> > > the
> > > down trend line of about 1300 (32.50 on the QQQ's), or +22%, over the
> > course
> > > of
> > > month/so seems possible.
> > >
> > > 3. The new high/new low and adv/decline study is a little more
ambiguous.
> > > Although both levels are low, and low enough to spark a rally, they're
not
> > > at
> > > the 20% and 40% levels, respectively, that would be typical of a
> > significant
> > > bottom.
> > >
> > > On a larger timing scale, a bounce into mid-August, followed by a dive
> > into
> > > Sept/Oct., making a much lower low than the recent low would be a
likely
> > > seasonal pattern.
> > >
> > >
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> > >
> > >
> > >
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> > >
> > >
> > >
> > >
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