RE: [RT] NASDAQ

["EAdamy" <eadamy@xxxxxxxxxxxx>]

I have a very mixed bag.

 

The NYSE has this morning reversed a very nasty Thrust Reversal pattern which is bullish. Breadth models are neutral to bullish. On Balance Volume on NYSE and NASDAQ is bullish.

 

However VIX has risen all during the last rally and credit spreads for both corporate and high yield are widening significantly. Both signal fact that investors are becoming more risk adverse which is condition for PE contraction which makes the bears party.

 

My take is that the conditions are in place for a significant correction and that price action could reverse down without warning. That of course does not mean that the price action will reverse, just that risks are elevated.

 

Earl

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From: realtraders@xxxxxxxxxxxxxxx [mailto:realtraders@xxxxxxxxxxxxxxx] On Behalf Of ben
Sent: Saturday, July 07, 2007 8:19 PM
To: realtraders@xxxxxxxxxxxxxxx; astrofinnence@xxxxxxxxxxxxxxx
Cc: panda2222@xxxxxxxxxxxxx; 'Vince Donovan'
Subject: [RT] NASDAQ

Attach please find a gif of the long term trading tool in excel

The top line represents time to exit a long term position in equities such as funds stocks or 401K

(blue line going from above top line to under top line)

The signal is sometime early by as much as a week

However, better exit conservative accounts and Ira or 401K at nice profit before market gets into a nasty fall

This should be a minimum of 8% and averaged 12 %

Top should be in no later then 7/12/07

Ben

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