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Strategies & Market Trends : The Rational Analyst

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To: ftth who wrote (1683)9/13/1999 7:44:00 PM
From: HeyRainier   of 1720
 
Dave,

Today's close on the Nasdaq Composite can be characterized as a Failed Signal. What I'm curious about though is the follow-through potential for this failure to cascade into a larger collapse. The Nasdaq 100, however, is still free from this development. Any thoughts as to which one ought to be the more significant signal? I'm leaning towards the QQQ as being the more significant of the two since they are the ones that pretty much drive the whole Nasdaq.

What's you're thinking on this?

RT
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