Replies to post #12029 on T/A ETF AND INDEX

[GLENO34]

POKER..The CSCO daily chart is pretty OB..So there has been some upmove in anticipation ..so you could be right about a sell off..but usually one company beating the lowered earnings estimates by 1 penny will increase the value of the whole stock mrket by trillions..Go figure..

[capt_jmj]

I suspect it will be more of the same. Two steps forward and one back, and then one forward and two back. Not sure what trend you are looking at, but the NDX one day chart shows a pretty constant uptrend since the August low, with only a few teaser down days briefly dipping below the 20 EMA. Also, the 10 EMA has not even crossed below the 20 since ~ 8/30. The crash may still be coming, but it isn't here yet.