Rim- QQQ and NDX observations
1. NDX AD LINE - displaying a slight negative slope on ema 19 for few days now
Also, EMA 5>ema 3> 1 not stacked well and all down-sloping
2. Watching daily QQQ resistance at 5 ema and 15 ema as well - thinking AAPL could move things up
3. Saw your monthly chart on Stock charts - always missed the two major market bottoms in 2003 and 2009
Your monthly settings are very clear to pick up major market bottoms and primary waves down 2 and 4
4. Focusing primarily on NDX and NAS to get good feel for the charts and derive intelligence from
AD Line, Mc OSC, Mc SUM, % BB - must have Large Positive AD values not seeing that
So much knowledge, intelligence can be derived from just 4 charts that really really matter that all other
Inddicators like MACD CCI STOCHASTIC and many derivatives look crude.
This cyclic motion in AD line is akin to a sign wave oscillation above and below the mean line - typical of
Rocket noise and vibration oscillation - that are totally random, non stationary and dynamic in nature.
5. This bull market has to end someday - as you have discussed about FB going to 70. Just saw Chinese stick
Tencent loosing $143 billion since Jan. reminds me of excess in 2000 and 2007 tops - luckily came out
Without damage.