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NQ-nalysis
Started: by tturner86 Views / Replies:38,001 / 666
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NQ-nalysis

  #451 (permalink)
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Valuations matter?

Here is a comparison of the top 10 in 2000 and 2015.

What I find most interesting is that MCI Worldcom had the lowest PE in 2000 and they are the only company in that list that no longer exist.

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source is Barrons.

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  #452 (permalink)
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Things might be changing.

As far as the daily goes we appear to have reached the upper extreme of the channel (Red) the green channel marks the drop out and breakout that put us in an oversold and overbought condition. Where we go from here I cant say but one can draw their own conclusions from the chart.

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  #453 (permalink)
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NQ100 Hourly View


Watch for price action in morning. the price already closed below 21/34 (30 mins) EMAs. Referring to hourly chart, there is good support and Expanding pattern too. Not sure if my view is good or bad. But it will keep me on track on learning path.

I welcome senior traders suggestion/comments.

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  #454 (permalink)
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Lines.


chipps1983 View Post
Watch for price action in morning. the price already closed below 21/34 (30 mins) EMAs. Referring to hourly chart, there is good support and Expanding pattern too. Not sure if my view is good or bad. But it will keep me on track on learning path.

I welcome senior traders suggestion/comments.

@chipps1983 This is just my 2 cents and since you were asking for suggestions, I will offer some, I am by no means a senior trader or expert so it is up to you to take what you will from what I will suggest next.

I have noticed from your last couple of charts that it seems you are trying to make the lines fit the price, lines should only be used as a guide and the behaviour at these points of interest is what you would or should be trading.

Anyway, back to the lines, this is just a critique there is nothing to say I am right in this, I am sure others will correct if I am wrong. The chart you posted, I am not so sure about the lower trendline you have drawn in, the upper one is fine, it has multiple points of contact and is "anchored" due to that, the lower line, however does nothing for 3 weeks. I can understand why you have it where it is, but as price trends upwards I think it is a mistake to ignore the swing low between your 2 points of contact, this swing low would give you your lower extreme in the trending range.

Its up to you what you choose as your anchor side but as price is trending up, I would personally anchor it on the low end and in a downtrend anchor it from the topside, This is partly down to experience of watching price run away from the line but eventually returning to it sooner or later.

Whatever side you choose to anchor to, price has broken or is in the process of breaking trend, this together within the context of the daily being at its upper extreme posted 2 up is looking bearish, which from my read this last couple of weeks means we are heading to record highs.

A picture paints a thousand words, the solid lines are the anchor lines and the dashed lines are the opposing extremes taking in the movement between the anchor points.

Hope it helps in some way.

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  #455 (permalink)
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Which products do you trade?

 
@Gozilla, thank you for your comments and advice. I feel no offended but delighted to know that I am not doing it correctly. It is always helpful for a newbie to show him a right path.

I appreciate for your response.

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wmwmw View Post
All my trades were based on this strategy for many years and I guess posting my signals for the coming days will be more convincing.
I pay close attention to the relationship between index.
From 1/27/15 to 2/9/15, during the 10 days period, DOW is the indices leader. I mean whichever the day Dow was stronger than NQ, the day would be closed up. Whichever the day DOW was weaker than NQ, the day will be closed down. So my trades during this period was just following YM and if YM stronger I long YM and YM weaker I short YM on the day. It was 100% correct during the 10 days.
Since 2/10/15, NDX took the leader and I switch to NQ.

Wouldn't you be better off establishing the leading index from a longer time frame perspective( According to my rotation chart on the lower left that would be the NQ). Then buying that index(NQ), when it's been lagging behind the YM/ES on an intra day time frame( like it is now on the 60min chart on the lower right), based on the premise that the longer time frame is now looking to buy value, therefore a rotation back towards the leading index will occur. So rather than buying the index that's been the strongest/ leading that day, you wold buy the index that's the weakest/ lagging relative to it's longer time frame perspective.

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long NQ targeting 60

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jackbravo View Post
long NQ targeting 60

I concur looking for 4066.

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AWN high is 4465, todays ADR is 4465, my goal for today.

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Above the 5 SMA, so it is holding support even though we have traded through it, they are wicks and the daily opens and closes have been above it.

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jackbravo View Post
long NQ targeting 60

Got 60, let's see if 65/66 is in order.

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