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Strategies & Market Trends : Longer-Term Market Trends -- Ignore unavailable to you. Want to Upgrade?

To: frigengenius who wrote (1334)	7/11/2008 5:23:43 PM
From: frigengenius	Respond to of 3209

Follow up... With all the blood spilling and hand wringing today....this chart is still vibrating on the breakout ceiling. We may not need to test support...but it's there if you need it. So is 911. Message 24744720 Bullish....If a bottom is near...we'll see a breakout soon. Bearish.....the qqqq/spx relative strength chart is showing NO signs of breakdown. Look for more downside....but snapback rallies will make a grown bear cry.

To: frigengenius who wrote (1334)	7/12/2008 7:18:14 AM
From: skinowski	Read Replies (2) \| Respond to of 3209

Q/SP ratio - interesting chart. This ratio rallied sharply since March, with the Q's "outperforming". Their relative strength in the end failed to do be positive for the market, since the outperformance was only relative. In recent weeks Q's once again haven't been doing very well in relation to S&P. In the past people have built entire trading systems based on the observation that Tech used to lead the markets. It can be that Tech no longer leads. Recently, trading based on the breakout by the Q/SP ratio last March would be a very losing proposition. True, it did mark the start of the rally till May 19, but - importantly, imo - it failed to predict its breakdown and the decline to new lows.