2 replies to this topic

[Trend-Signals]

As of today, NDX closed at 0.774 which is broken above 2003 high 0.77 - second break from LT resistance.

We recently have seen QQQQ outperforming Nasdaq and SPX as Qs is making new highs while Nasdaq and SPX are lagging.


$NDX is historically outperforming Nasdaq or SPX as shown on LT NDX:Nasdaq performance ratio charts.

I alerted NDX outperformance breakout on 8/31/07 which it was bouncing off of breakout support (retest of breakout).

Since then, it is continuing to show strength comparing to other major markets.


Based on LT historical performance ratio, we can anticipate that NDX will outperform other major markets.

NDX has also broken above SPX comparative performance as shown on the weekly 4yr NDX:SPX ratio chart.
OEX is also outperforming SPX as shown on comparative performance chart broken above R.


http://www.stockcharts.com/c-sc/sc?s=$NDX:$COMPQ&p=W&yr=4&mn=0&dy=0&i=p36573008457&a=117657188&r=278.png

http://www.stockcharts.com/c-sc/sc?s=$NDX:$COMPQ&p=W&st=1994-09-25&i=p35909736664&a=78426155&r=104.png

http://www.stockcharts.com/c-sc/sc?s=$NDX:$SPX&p=W&st=1994-09-25&i=p04162674021&a=117659010&r=631.png

http://stockcharts.com/c-sc/sc?s=$NDX:$SPX&p=W&yr=4&mn=7&dy=0&i=p71445212919&a=115689260&r=879.png

http://www.stockcharts.com/c-sc/sc?s=$OEX:$SPX&p=D&yr=2&mn=0&dy=0&i=p93181990465&a=83159011&r=752.png

http://www.stockcharts.com/c-sc/sc?s=$OEX:$SML&p=W&yr=5&mn=0&dy=0&i=p38759166544&a=78028552&r=120.png


Date:8/31/2007 2:28:23 PM
Post #of 2963

Relative Performance: $NDX:$COMPQ

NDX broke above the resistance as shown on the ratio chart.

http://investorshub....age_id=22528406

[Doug]

Good work - I, for one, appreciate a thoughtful analysis.

[Trend-Signals]

Good work - I, for one, appreciate a thoughtful analysis.

Thank you, Doug

Good luck with your trades

http://www.stockchar...37588&r=864.png