Jump to content



Photo

267 Nasdaq New Lows Today


  • Please log in to reply
2 replies to this topic

#1 borland

borland

    Member

  • Traders-Talk User
  • 276 posts

Posted 02 November 2007 - 04:25 PM

Not what you'd expect, but we saw this trend this summer, just before the bottom dropped out.

Any reason not to expect the same?

Posted Image

Posted Image

#2 arbman

arbman

    Quant

  • Traders-Talk User
  • 19,504 posts

Posted 02 November 2007 - 06:56 PM

The financials are still leading to the downside, we'll see whether they've been discounted enough. There are a lot of warning signals, but if the indices turn around from here, this divergence will look more bullish than bearish for the ST... I expect a top later in Nov or early Dec...

#3 gannman

gannman

    Member

  • Traders-Talk User
  • 6,948 posts

Posted 03 November 2007 - 07:50 AM

nice chart thanks from an ewave perspective i expect the qqqq to make one more new high and then crap out cheers gman
feeling mellow with the yellow metal