Been building a system for the Last 4 years... I think stay out would a better chice then Longing the dow... Most likley QQQQ would touch 35 area... I expect even Lower to 30.. I think the rally is finished... But Might wanna Long nvax at MKT and LUB @ MKT...while beeing away from the dow + Nasdaq the risk on the upside is way Higher then the down side GL KaL
That's an intersting theory, that there is no total market. I'll think that through in more depth within the coming days. So far, I view the markets as focal points. E.g., Gold will play an important role, once it approaches the 500 resistance. A few years ago, I traded a kind of intraday arbitrage strategy. I would chart DOW, S&P & NASDAQ Comp. & 100, and often would find out that they'd form technical points during similar times. E.g., a symmetrical triangle in the DOW would be accompanied by a rising triangle in the NASDAQ 100. Tests of the break out barriers would happen nearly simultaneously. If I focused on the leading index and if it broke out on strength, I had ~5-10 seconds time left to open a position in the following index. Relatively low risky trades. Well, a few weeks ago, I noticed that the current bull market started, when the NASDAQ broke through it's previous relative high. DOW & S&P followed with strength, but didn't offer important technical clues. Well, the question I ask myself is: what should fuel the next Kondratieff cycle? The past one was powered by the IT-Revolution. What are the next Microsofts, Apple's, Dell's supposed to be? Google? I don't think so. Well, I'll stay sceptical, but trade long&short nonetheless. I don't like the rising yields, and think that a slowing in US consumer spending is the biggest looming threat. And since rates are rising, I don't think this is event is impossible to happen soon. And here's an interesting recent analysis: MARKET BECOMING OVERBOUGHT IN ALL TIME FRAMES Cheers!
msft is challenging these days for me and I am Many TAs Weekly is a buy daily is a sell... I think results into side...not for too Long I think..maybe two weeks.. I get this sometimes..sort of conflict of Waves... Rep: It's Based on non Linear estimation methods.. GL KAL
Got ebay as sell too... Target 30 within 5 weeks or so someone mentined wmt as Buy...I just don't see it that way... any comments please..TIA