Justa - comments please -
I've been wondering about the NDX and had this thought -
isn't it possible that since the NDX components have been changed, that basically it is a new index now and will trade differently -
thestreet.com
While the QQQ has been a favorite among
options traders for more than three years, the
makeup of the Nasdaq 100 has changed. The
Nasdaq 100 is computed by adding together
the market values (price multiplied by shares
outstanding) of the index's components. Then,
an index value is computed using a divisor. The
capitalization-weighted method has been one of
the more common methods of constructing an
index through the years. Indices such as the
S&P 500, the S&P 100 and the Philadelphia
Stock Exchange Gold Mining Index are examples of cap-weighted indices.
Additionally, IF the Bradley (blue line) continues its course, we have a low on the 13th. We could have a "war rally" to EOM, drop first part of April and continue up for a seasonal summer rally.
Of course, the Bradley could invert. -g-
btw - maybe Don's buy is the beginning of the rally starting the 13th?
Don Sew update:
At this mornings lows, just got INTRADAY BORDERLINE CLASS 1 BUY on the NDX and
INTRADAY CLASS 2 on the NAZ. If the market continues straight down, could get across the
board CLASS 1 BUYs by tomorrow. NOT PREDICTING, just stating a possibility if the market
continues STRAIGHT DOWN into tomorrow, since the technicals are low enough where we
could even see a bounce start today |
