3 replies to this topic

[hiker]

just a trade sold AAPL long 142.50 area...low today was yest close wrong!

Edited by hiker, 20 July 2007 - 01:03 PM.

[arbman]

What's your downside for today then? It is likely that NDX 2040 or Qs 50.13 region was the afternoon bounce high, but it might not accelerate into the close... You know what is really odd? The top 18 companies on NDX weighting about 65% are almost all in the red about 0.6 to 5% and yet the Qs are -0.3% and NDX is only -0.6%. You would think that the index should be closer to -1% or so... as of 2:00pm... ^NDX -0.68% MSFT -1.51% CSCO -0.94% GOOG -5.15% INTC -2.18% AAPL 1.81% ORCL 0.00% CMCSA -1.33% QCOM 0.18% ERIC -5.12% DELL -0.14% AMGN 1.12% EBAY 0.30% RIMM -1.47% YHOO -2.16% GILD -3.32% TEVA -1.39% INFY -0.68% AMZN -2.09% Here are the percent weights and cummulative... MSFT 11.630% 11.630% CSCO 6.988% 18.618% GOOG 6.923% 25.541% INTC 5.868% 31.410% AAPL 4.664% 36.074% ORCL 4.164% 40.238% CMCSA 3.543% 43.780% QCOM 2.941% 46.721% ERIC 2.709% 49.430% DELL 2.624% 52.054% AMGN 2.586% 54.640% EBAY 1.855% 56.494% RIMM 1.603% 58.098% YHOO 1.478% 59.576% GILD 1.343% 60.919% TEVA 1.285% 62.204% INFY 1.248% 63.452% AMZN 1.177% 64.629%

Edited by kisacik, 20 July 2007 - 01:40 PM.

[hiker]

.05 TO ..08 seen recently may be all we get. the earlier lows seens today will not be retested by close imho

[arbman]

The weighted summation of the above makes about -0.9%, so the remaining 35% of the NDX (or about 82 companies) must be doing really well to push the average up to -0.7% and they are not probably not, a bit puzzling --where did the -0.2% go?!? - kisa

Edited by kisacik, 20 July 2007 - 01:41 PM.