NASDAQ is bottoming
#1
Posted 06 February 2007 - 01:37 PM
#2
Posted 06 February 2007 - 01:43 PM
its always "different" this time, but i agree on ndx bottom, they pulled the rug out and now its rally time.NASDAQ has been underperforming as we all know. I believe it is time for it to start catching up. When it underperforms, it is usually bearish for the market, but it is different this time (I wonder how many people would want to comment on this phrase), because S&P did not react to NASDAQ's weakness.
Denleo
#3
Posted 06 February 2007 - 02:05 PM
its always "different" this time, but i agree on ndx bottom, they pulled the rug out and now its rally time.NASDAQ has been underperforming as we all know. I believe it is time for it to start catching up. When it underperforms, it is usually bearish for the market, but it is different this time (I wonder how many people would want to comment on this phrase), because S&P did not react to NASDAQ's weakness.
Denleo
I don't know on this one. In many cases we will see sector rotation into Tech from other areas thus driving tech higher. I think earnings outlook for tech is not as rosy as wallstreat leads the investors to believe, so I believe we are headed down in the short term.
#4
Posted 06 February 2007 - 02:37 PM
http://bigcharts.mar...&mocktick=1.gif
Of course the fundamentals are the Cisco Disco we expect after the close. I trimmed my QID back to core position after pocketing some profits from this morning's trading... The technicals say I should stay short but a profit is a profit.
Edited by SemiBizz, 06 February 2007 - 02:37 PM.
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
#5
Posted 06 February 2007 - 02:40 PM
#6
Posted 06 February 2007 - 02:53 PM
http://bigcharts.mar...&mocktick=1.gif
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics