SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : P&S and STO Death Blow's -- Ignore unavailable to you. Want to Upgrade?


To: Justa Werkenstiff who wrote (28848)3/4/2003 5:21:10 PM
From: ajtj99  Read Replies (1) | Respond to of 30712
 
Sounds like you're still bitter about how fast that AJC chart got around <G> That's what happens when a guru like yourself posts something!

Nice chart. It hits a 9-month cycle in the end of April, but it doesn't line up with the Bradley's. Great work! We'll just have to watch that now.



To: Justa Werkenstiff who wrote (28848)3/4/2003 5:23:14 PM
From: augieboo  Read Replies (1) | Respond to of 30712
 
Justa, are we supposed to read that chart forwards, backwards, sideways, or what?



To: Justa Werkenstiff who wrote (28848)3/4/2003 6:04:21 PM
From: Jorj X Mckie  Respond to of 30712
 
SOX perspective

stockcharts.com[g,a]waclynay[d19941001,20030304][pf][j10708309,y]&listNum=1

SPX perspective
stockcharts.com[g,a]waclynay[d19941001,20030304][pf][j10708654,y]&listNum=1



To: Justa Werkenstiff who wrote (28848)3/5/2003 8:35:18 PM
From: ajtj99  Read Replies (1) | Respond to of 30712
 
Justa, looking at this chart again, I have a few more thoughts:

stockcharts.com[e,a]daclynay[d19970301,19980127][pb9!b13!b20!h.02,.20!b200!b150!b50!a925!f][iub14!la8,17,9!lh5,5!le5,10,1!li10,10!lp14,3,3!ll14!lo15][J10702648,Y]&pref=G

The drop shown after your "March Max Pain Ramp" gets us to fill the gap at 900 NDX and subsequent as you noted, and it also satisfies a Bradley turn the first week of April and the middle of April.

The drop after that to test the October lows would be a perfect hit on the 9-month cycle. That cycle worked pretty decent into the July lows last year. It also worked from the Jan. 2001 low to the Sept. 2001 low.

The ramp following works well for a failed re-test that may look like it worked.

Anyway, I like the way that map lines up with some turn dates and fibs. For example, the ramp to 849 after the first hit at below 800 also would work, as we have gap resistance at 852 NDX.

Too cool!



To: Justa Werkenstiff who wrote (28848)3/6/2003 12:59:42 PM
From: Challo Jeregy  Read Replies (1) | Respond to of 30712
 
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