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PAGE UPDATED APRIL 17 2010

 

 

NASDAQ INDICATORS

I HAVE ADOPTED THE SAME SET OF INDICATORS RELATING TO THE NYSE 

FOR THE NASDAQ , 

10 MONTH ADVANCE DECLINE LINE  

I PREFER LONGER TERM PATTERNS AS THE DOMINANT DIRECTION

ILL HAVE TO FOLLOW THIS FROM A DISTANCE 

THE PATTERN IS VERY POSSIBLY ONLY BOTTOMING IN A LONGER TERM C WAVE  

IT WILL MOST LIKELY TAKE SEVERAL YEARS FOR THIS PATTERN TO COMPLETE 

THIS 1ST ONE GETS UPDATED MONTHLY ( ITS A MONTHLY CHART ) 

THIS IS AN INTERESTING CHART TO FOLLOW GOING FORWARD . SOMETIMES THE INTERNALS OF A MARKET

GIVE CLUES TO WHAT IS GOING ON INSIDE THE MARKET EVEN IF THE MARKET IS HARD TO READ.

THIS IS LOOKING MORE AND MORE LIKE A CORRECTIVE DECLINE IN THE NASDAQ 

CHART UPDATED APRIL 17 2010 

THIS IS NOT WHAT I WOULD HAVE EXPECTED TO SEE FROM JUNE 2009 

YET WHAT IT SHOWS IS THAT THERE HAVE ACTUALLY BEEN MORE DECLINING 

SHARES WITH IN THE NASDAQ THEN ADVANCING SHARES SINCE JUNE 2009

THIS ALSO IMPLIES THE RALLY TO DATE HAS BEEN GETTING MORE AND MORE NARROW 

( LESS SHARES RISING AND THIS IS A BEARISH SIGN GOING FORWARD )

KEEP IN MIND THIS IS A 10 MONTH MOVING AVERAGE 

 

NASDAQ 10 DAY ADV DECLINE LINE 

UPPER RANGE BEGINS AT 500 AND RUNS UP TO 772

LOWER RANGE BEGINS AT MINUS 867 AND EXTREME OVERSOLD IS NEG 1342-1493

APRIL 17 2010

THIS INDICATOR SHOULD BE IN A C WAVE DOWN IN A LARGER A WAVE WHICH WILL BE LABELED 

A B C . THE INITIAL MOVE SHOULD BE TOWARDS THE NEG 252 LEVEL BEFORE A LARGER BOUNCE 

UNFOLDS 

120 DAY ADVANCE DECLINE LINE 

THIS CHART IS FROM THE FEB 6TH 2007 HIGH IN THIS INDICATOR

FROM THIS HIGH THIS INDICATOR HAS COMPLETED 5 WAVES DOWN OVER A FIBONACCI

233 + 1 TRADING DAYS 

CHART UPDATED APRIL 17 2010

THIS IS THE BEARISH SIDE OF THE MARKET DESPITE MY BULLISH BIAS INTO AUG 2010

2 EQUAL LEGS DOWN WOULD TARGET A LOW NOT A HIGH INTO SEPT 24TH 2010

THIS CORRELATES WITH THE 42 1/2 YR AND 45 YR SUB CYCLES 

 

 

 

 

GOOD LUCK TRADING 

 

 

 

Copyright 2004 CompanyLongName   Last modified: April 17, 2010
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