5 replies to this topic

[denleo]

NASDAQ has been underperforming as we all know. I believe it is time for it to start catching up. When it underperforms, it is usually bearish for the market, but it is different this time (I wonder how many people would want to comment on this phrase), because S&P did not react to NASDAQ's weakness. Denleo

[S.I.M.O.N.]

NASDAQ has been underperforming as we all know. I believe it is time for it to start catching up. When it underperforms, it is usually bearish for the market, but it is different this time (I wonder how many people would want to comment on this phrase), because S&P did not react to NASDAQ's weakness.

Denleo

its always "different" this time, but i agree on ndx bottom, they pulled the rug out and now its rally time.

[qqqqtrdr]

NASDAQ has been underperforming as we all know. I believe it is time for it to start catching up. When it underperforms, it is usually bearish for the market, but it is different this time (I wonder how many people would want to comment on this phrase), because S&P did not react to NASDAQ's weakness.

Denleo

its always "different" this time, but i agree on ndx bottom, they pulled the rug out and now its rally time.

I don't know on this one. In many cases we will see sector rotation into Tech from other areas thus driving tech higher. I think earnings outlook for tech is not as rosy as wallstreat leads the investors to believe, so I believe we are headed down in the short term.

[SemiBizz]

So far today's candle on the Nasdaq looks to be bearish. We have a lower low, lowest of the past 4 sessions on higher volume type of day in place... in order to be bullish we'd need to see the highs taken out by the close...the evidence is pretty clear that Nasdaq at best is in a sideways trading range on the daily...



http://bigcharts.mar...&mocktick=1.gif



Of course the fundamentals are the Cisco Disco we expect after the close. I trimmed my QID back to core position after pocketing some profits from this morning's trading... The technicals say I should stay short but a profit is a profit.

Edited by SemiBizz, 06 February 2007 - 02:37 PM.

[dcengr]

There's nothing bullish or bearish here. You could've sat flat for the last 3 days and be in the same place. Until it pokes higher or lower, I think people are gonna get 'bored'.

[SemiBizz]

Flat until it's magnified... let's say 2X... then there's room in the trading range for some nice profits...



http://bigcharts.mar...&mocktick=1.gif