AI
Sunday, February 01, 2004 1:27:07 PM
Chi2: AfterSeeingRhodesRept, aBreak of7.00wouldB destructive.
referencing the RhodesRept posted by be, the ratio rept.
note Rhodes used INDU/COMPQ I am using INDU/NDX as it yields more TA info in the short term. and NDX is a surrogate for QQQ's
it would begin to fill the Gap in the chart above. and in the chart below, it would be cause a Turn, a new line of "O" signally, the mini-rally of "X's" is over and a new line of downers, requiring at least 3 boxes of downs before any Up can be EXCLAIMED.
So, if QQQ's are to remain Bullish, this ratio must stay above 7.00.
referencing the RhodesRept posted by be, the ratio rept.
note Rhodes used INDU/COMPQ I am using INDU/NDX as it yields more TA info in the short term. and NDX is a surrogate for QQQ's
it would begin to fill the Gap in the chart above. and in the chart below, it would be cause a Turn, a new line of "O" signally, the mini-rally of "X's" is over and a new line of downers, requiring at least 3 boxes of downs before any Up can be EXCLAIMED.
So, if QQQ's are to remain Bullish, this ratio must stay above 7.00.
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