Nasdaq beginning to lead
#1
Posted 21 May 2007 - 11:51 AM
The future is 90% present and 10% vision.
#2
Posted 21 May 2007 - 12:32 PM
The NDX just went thru about 15-18 days of consolidation and just breaks out today?
Meanwhile the DOW has been leading and has made new highs today and the day before,
and the day
before that
and the day before that,
and the day before that
and the day before that,
and the day before that,
and consolidated for only about 3 days back then but also made NEW high to lead
....the day before,
and the day before that
....oh boy ...and so on.
I hope everyone gets it, ....but pleas explain your logic.
.. .. ..
Mr Dev
......trading is basically a simple operation, but you have to be a genius to understand the simplicity.
.....timing,..... is ....everything !
... remember no guessing visit MrDev!
#3
Posted 21 May 2007 - 12:54 PM
The NASDAQ may be getting into "leading" gear but it'd be quite a change. Obviously, August into November had it in the lead, but since then - despite periodic pops - it's been a lagger. Who knows? Maybe six months has given it enough rest....?
Doug
#4
Posted 21 May 2007 - 03:55 PM
#5
Posted 21 May 2007 - 04:03 PM
I wouldn't thank Ben, just yet. I think one of the biggest things that propel the coming correction is the final realization that Ben is not about to grant any interest rate cut favors. As far as the Nasdaq leading, visa vie the Dow-the Naz has roughly 2600 points to catch up here, to go back to old highs, like the Dow. You might say it has lagged "just a bit" since 2000,eh? Sure, it could "be different this time"-but I never put my money there. The Naz is a nice follower, however-as the Dow weakened, the Q's thought it wise to give up 50% of their gains into the close
Spooky
Looks like rotation to me. Dow down, NAS up. Makes sense, given the run up we've had DOW.
The future is 90% present and 10% vision.
#6
Posted 21 May 2007 - 04:07 PM
Looks like rotation to me. Dow down, NAS up. Makes sense, given the run up we've had DOW.
Glad to hear the markets make sense to you,...not many pros,.. even on Da FLoor can make sense of it.
.. .. ..
Mr Dev
......trading is basically a simple operation, but you have to be a genius to understand the simplicity.
.....timing,..... is ....everything !
... remember no guessing visit MrDev!
#7
Posted 22 May 2007 - 09:06 AM
Looks like rotation to me. Dow down, NAS up. Makes sense, given the run up we've had DOW.
Glad to hear the markets make sense to you,...not many pros,.. even on Da FLoor can make sense of it.
Tightening stops now. Will see if to by the dip or to stand aside.
The future is 90% present and 10% vision.