But its gonna take a few days of down to do that.
Today would be a start.
With today's A-D, looks like NASI is on the way
Started by
dcengr
, Jan 16 2007 03:31 PM
6 replies to this topic
#1
dcengr
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Posted 16 January 2007 - 03:31 PM
Qui custodiet ipsos custodes?
#2
eminimee
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I don't care who's fur is flying...
Posted 16 January 2007 - 04:48 PM
That and a few other internals..charts are updating if interested.....mentioned that fishhook over the weekend.
http://www.traders-t...?...c=65034&hl=
http://www.traders-t...?...c=65034&hl=
Edited by Teaparty, 16 January 2007 - 04:49 PM.
#3
dcengr
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Posted 16 January 2007 - 04:51 PM
That and a few other internals..charts are updating if interested.....mentioned that fishhook over the weekend.
http://www.traders-t...?...c=65034&hl=
Its going to take 2-3 more negative A-D days to get that fish hook looking right. With INTC's sell off today, maybe that gets the ball rolling for tomorrow?
Qui custodiet ipsos custodes?
#4
eminimee
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I don't care who's fur is flying...
Posted 16 January 2007 - 04:53 PM
Won't neccessarily take that long for the downturn.
#5
BigBadBear
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Posted 16 January 2007 - 05:04 PM
was their something about today that was bearish or am I too simple-minded to see it it ?
This is a serious question
#6
eminimee
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I don't care who's fur is flying...
Posted 16 January 2007 - 05:06 PM
If you are asking me....it's nothing to do with just today why I'm IT bearish.
#7
dcengr
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Posted 16 January 2007 - 05:12 PM
was their something about today that was bearish or am I too simple-minded to see it it ?
This is a serious question
The discussion was about NASI turning down from below zero. This is a fairly good indicator of severe weakness in NDX.
Since NASI is generated by summation of NAMO, and since NAMO is generated by MACD of Nasdaq A-D, one can conclude that NASI will turn down if we have enough days where Nasdaq A-D is negative.
You can look at the NASI chart and see when these "fish hooks" appear, and more often than not, when this occurs below the zero line, a decent decline is about to occur on the NDX.
Qui custodiet ipsos custodes?
