Replies to post #22119 on ETF SWING & DAY TRADING

[rcptrader]

Hey cad man,
You are preaching to the choir here. Based on a headcount, there are more bulls than bears/neutrals on this board.

Pokersam is the one who feels all alone. He could swing over from the dark side and join the party. Then again, it don't really matter if he makes 10% a day average just daytrading regardless of what the market does.

[omandan]

cad,I've been telling Gleno this for years. He just won't listen. I'ed love to have the money his high priced guru & all the indicators he watches have cost him. I hope your saying this helps.
Like chicken little,the sky is always falling.
Dan

[CaribbeanJim]

CAD - Thanks for all your hard work!

I really appreciate your insights, in-depth knowledge, and detailed charts. You have brought a lot of great ideas to our board and we are ALL very thankful.

Thanks for making this board a better place.

[ajtj99]

cad, with all due respect, in my observations over the past 5-years the NDX leads the COMP in new moves, either up or down.

The ratio of the NDX to the COMP during those new moves is normally about 0.82 to 1.00 from my observations. The NDX:COMP ratio has been pretty much the same as the ratio to their respective levels from the lows last week.

The NDX has moved 64 points off the lows. The COMP has moved 80 points. 64/80=0.80.

While the 0.80 ratio is slightly above the nominal 0.735 ratio the indices are at currently in price, it should be more like 0.90 at this stage of a fresh advance from my experience.

The conclusion? This is not a breakout move most think it is, as the large caps in the NDX are not leading the advance.

[GLENO34]

cad, You may be 100% correct..However that chart you looked at is his "freebie". loss leader etc..Anyway this morning he says we could have a new upleg here depending on what the big boyz decide to do..Several of his indicators are turning or have turned positive and he says we will know within a few days which way we will go for some kind of larger move..He says the negative stock list is still growing and we need a reversal of that among other things to support a upmove...Thanks for the post..I'm a slow learner and need the help..