5 replies to this topic

[SemiBizz]

Trend Reversal may be in the works...



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[SemiBizz]

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Upside may last a couple more days on Nasdaq, note how GLD was 2 days in front of it...

[greenie]

Thanks. let me make sure I understand what you are trying to say. 1st chart suggests that GLD and NDX are correlating for last few days with gold may be leading. Second one says that gold is leading down. So, NDX should follow, right? When you say 'trend-reversal', are you pointing to the ST uptrend of last three days or IT downtrend of last two weeks? I mean, are you saying we go up or down ?

[hiker]

what do you think about the possibility of NDX going to 1810 gap test area next week? greenie...I see you ask about my trades elsewhere...I took the QID, GOOG and NQ futures as a daytrade the other day, because the selloff into the close looked like a good place to book profits used $ elsewhere since....GOOG 452.38 just now put in is a 3-day low I am not here much..I have no idea how to answer your uranium question....note the 2006 seasonal trend in the sector...will it repeat this year? EMU, URZ URRE are among the leading % losers on my screen no. 1 today

Edited by hiker, 09 March 2007 - 01:00 PM.

[SemiBizz]

Thanks. let me make sure I understand what you are trying to say. 1st chart suggests that GLD and NDX are correlating for last few days with gold may be leading. Second one says that gold is leading down. So, NDX should follow, right?

When you say 'trend-reversal', are you pointing to the ST uptrend of last three days or IT downtrend of last two weeks? I mean, are you saying we go up or down ?

Too early to conclude trend has reversed for the short term. However evidence is building(BREAKS YESTERDAY'S LOW ON STRONG VOLUME). Expecting delay between gold trend reversal and Nasdaq... Staying Flat ready to pounce. Breaking 2382 reverses the sign of strength today on Nasdaq ( NEW HIGH ON VOLUME), I will enter partial QID with tight stop should we do that...

Edited by SemiBizz, 09 March 2007 - 01:01 PM.

[SemiBizz]

GLD VOLUME GOING NUTS



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