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Strategies & Market Trends : Classic TA Workplace

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To: the-phoenix who wrote (130598)	3/12/2006 10:02:25 AM
From: the-phoenix	Read Replies (3) of 209892

Here's a little Bull Fodder As I've posted a few times before, I trade off of extremes in the NDX/SPX ratio. At Friday's close, this ratio was at its lowest level since last September - 1.289. Here are the results from the previous conditions where this ratio reached this level: 9/28 1.289 - NDX up 48 points in next three days 10/12 1.293 - NDX up 60 points in next ten days 2/22 1.289 - NDX up 46 points in next three days 3/10 1.289 - NDX ? While this ratio went lower than this prior to last Fall and has been trending down since the extreme high at the January top in the NDX, I believe the odds favor a bounce in tech here, and relative strength versus non-tech for at least a few days.

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