Nasdaq-100 : End of Bull Leg?

Discussion in 'Trading' started by riskfreetrading, Apr 29, 2009.

  1. Hi All,

    Analysis of Nasdaq-100: proprietary models say end of recent bull leg is imminent (Analysis says that the top of this leg is in the area of the high of today (April 29, 2009 trading)).

    What do your numbers/analysis say? If someone has the Put/Call ratio and also an analysis of public's opinion on Nasdaq-100, it would be good.

    Today's gap may have been an exhaustion gap.
     
  2. There is resistance at 875. If we close at least 10 pts higher we're going to 1050.
     
  3. wjk

    wjk

    Today's high (Q's, 34.40) occurred in the vicinity of a pivot low (34.35) which occurred during the week of 4/29, 2005. Combined with overbought conditions and a looming panic over flu, seemed like a reasonable entry for a short. Doesn't seem like this rally wants to end, so my stop is today's high + a few.
     
  4. sumosam

    sumosam

    I/ve reviewed a number of indicators that point to a reversal.....sure seemed as if market could only go up earlier today. Also, selloff in final hour also confirmed.
     
  5. W4rl0ck

    W4rl0ck

    Watch the 200 sma on the Qs.

    "They" were popping it after the Fed and failed to hold.

    The 200 sma is also at some other important levels.

    If Qs can't break and hold the failure could be magnificent.
     
  6. investor sentiment seems quite bearish right now. this is inconsistent with a major top. maybe we will trade in a range for a while.
     
  7. Everything is bullish, the S&P is going to 1,000+ within weeks.

    BUY BUY BUY!
     
  8. The NDX has rallied a mere 33% since Mar9. The next resistance point is 4150, which it will surely reach by August '09. It's about time it recovered from that imaginary tech bubble.
     
  9. NQ 1800
    ES 1200

    Everything is fine. Life is beautifull.
     
  10. At some point we will drop to pre-FOMC levels...
     
    #10     Apr 30, 2009