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| Posts | 34814 |
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| Alias Born | 06/16/2004 |
Monday, May 16, 2005 11:29:32 AM
***Broader markets in the first 2 hours today...
Here's something I've been watching and it seems to work greater then 90% of the time!... yes, greater then 90% of the time so far this year by my estimations. The fact of the matter is that the Q's & the Nasdaq Composite lead the markets either up or down for the most part. Today, what is happening is the Dow + S&P 500 are outperforming the Nasdaq Composite & Q's, this is something that bears like to see and that bulls frown at. No rally will be sustained by such leadership...
If this continues into the close, then I would consider the Q's and Composite's performance as bearish divergences and the 90% factor comes in as tomorrow likely being a down day for the broader markets...
Currently:
Dow +.55%
S&P +.49%
Nas +.31%
Q's +.17%
all charts are real-time but the Q's>>>
Here's something I've been watching and it seems to work greater then 90% of the time!... yes, greater then 90% of the time so far this year by my estimations. The fact of the matter is that the Q's & the Nasdaq Composite lead the markets either up or down for the most part. Today, what is happening is the Dow + S&P 500 are outperforming the Nasdaq Composite & Q's, this is something that bears like to see and that bulls frown at. No rally will be sustained by such leadership...
If this continues into the close, then I would consider the Q's and Composite's performance as bearish divergences and the 90% factor comes in as tomorrow likely being a down day for the broader markets...
Currently:
Dow +.55%
S&P +.49%
Nas +.31%
Q's +.17%
all charts are real-time but the Q's>>>
HI-HO SILVER !!!
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