Tuesday, November 20, 2012

More on the changes in trend-QQQ/NASDAQ 100

Here's an example of the changing tone in the market and why I'm trying to show you these changes and try to bring your focus to the trend even though there's no real evidence of a price trend yet other than the last couple of days rather than focussing on intraday or day to day moves as there will be those days that are there to cause you doubt. We have seen a bunch of improving indicators as we expected to through this developing cycle, now they are getting even stronger. My initial expectations were for a volatile, strong shakeout move of the shorts, but this may be something even bigger, this is why I keep monitoring it and keep filling you in as I find new data.

Few traders in the market have this kind of information and evidence this early, this is a huge edge.

 This 5 min chart shows the recent action and a gap, that gap certainly could be filled, it would be an ugly move, but it wouldn't be a move that would concern me, in fact I'd be looking at this for opportunities.

 Here's the QQQ 15 min chart and cycle that really has been the focus up until very recently. This indication is strong enough, but when we add the next two charts... Oh my...

 QQQ 30 min chart is leading at a new high in just a couple of days, but even beyond that... The NASDAQ Futures...

This is a 4 hour chart, look at the negative divergence in 3C at the top, at the HIGHS! Now look at the leading positive divergence that is VERY sharp at the lows, this is huge.

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