NASDAQ has seen best days. Down from here. Thanks to snowden. value of info collected by internet companies has diminished as people becoming aware of the spy process.
we will have retracement which will present ideal opp to load shorts. until then observe tech bulls smiles
The odds are like 70%+ that this is just a nasdaq consolidation phase... Could last months and months! Odds of testing new highs within a year is over 99% just looking at technicals... Kind of foolish to call a top on April 5th... Better to call it back in mid march! That top has a coin flip chance of lasting a few months.
============= I seldom make counter trend calls, which is what calling a top in a bull market is,LOL Having said that, even in an election year; not likely QQQ will test all time HI of $120/+,LOL Not a prediction, but Stock Traders Almanac says sell in MAY........................ + go away.. Not a prediction And there are so many Baptists inthe market; they sell early.
Bull markets like these are kind of ridiculous... They generally maintain a 99%+ probability of prices testing higher levels than the previous eight months over each two months... Until they eventually break! Eg... You have a 99%+ chance of losing if you short at six month average prices(Where the nasdaq was) holding for a couple months with a stop of like 1/4th ATR. Stops that tight are unrealistic, just making a statistical point...
My top gainers list is on fire, many are flashing buy signals tonight and some turned the corner yesterday. Market mood is back up. It could just be another fakeout but my money's on a sustained upward blast for a few more dayz :eek:
earnings smornings,,,, rain of bad news, sell in May and go away... http://finance.yahoo.com/blogs/brea...oing-to-be-a-whole-lot-rockier-204548846.html
prettymuch all markets , DAX,FTSE,NIKKEI, topping out atm... hmm. ... do i smell something might happen/start tomorrow /today Friday? if one wants to call doomsday i think this would be the best opportunity since along time... so,... sell all your equitys NAO , grab some gold/yen and get to tha choppa!!!