Replies to post #7873 on Abet Chichi2 (Chichi2)

[chichi2]

be, your Rhodes post is very timely, it poses the question, can the Ratio make a Long move up to Blue or Green lines??

If it does, there would be only a few more up days to go. I estimate it it makes it to Blue line it could take 7 trading days.

[chichi2]

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.