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Strategies & Market Trends : Jim's Nasdaq100 Special as a basket. -- Ignore unavailable to you. Want to Upgrade?


To: James F. Hopkins who wrote (1515)11/21/1999 8:00:00 PM
From: Les H  Read Replies (1) | Respond to of 2103
 
The Nasdaq resembles the December 91 - January 91 runup after the rising trading range of 91. There was a nearly 20% pullback in the OTC to just above where it started the final climax run. There is also the huge volume blowoff and gradual decline in volume that marked the runup and the rounded top.

I have 83% sell signals (US - reversal signals) and 79% sell signals in the Weighted Action List (WAL - i.e., confirmed by price phase). Usually, 80% in both AIQ Trading Expert lists indicates a correction to follow as opposed to just a pullback. This is unusually fast to go from buy signals on October 15-23 to now.