Ammo what does it mean when there is so much divergence between Dow, ES and Nasdaq ? Dow is strongly positive, ES near its LOD, and Nasdaq well broken its LOD. You have any insights into such days, which might be helpful for trading?
bear bretheren the break is here! prepare for 0321 (backwards to thwart the net bots and black helicopters). also getting impatient and more importantly desktop interuptions, 59 to 53 is pretty good with size, so now runners left only. the NQZ bath is bubbling : )
Thanks satchel, I respect your opinion. Do you have any stats for this, or is it based on your empirical observation. If this rule of thumb is correct, it means we will see new lows in ES ....correct, but it is holding surprisingly well till now.
the thing is, NQZ told us what we needed to know back when ES was at 59, when the ES buyers were chipping away and oh damn NQZ trying to slip out the back door. Now is already old.
Thanks, that was a gem I can see it in the markets today. Now I need to observe markets for few days to identify this relationship.
Its amazing, we pikers are looking at strength etc before entering the market. whereas big money decides to wait till 12 ET and allows ES to go down and then suddenly starts to buy it pushing it up. Its a complete different mindset between trading 1 lot and 1000 lots. We follow trends, then generate trends!