Nasdaq-100 : End of Bull Leg?

Quote from riskfreetrading:

Hi All,

Analysis of Nasdaq-100: proprietary models say end of recent bull leg is imminent (Analysis says that the top of this leg is in the area of the high of today (April 29, 2009 trading)).

What do your numbers/analysis say? If someone has the Put/Call ratio and also an analysis of public's opinion on Nasdaq-100, it would be good.

Today's gap may have been an exhaustion gap.
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those black candles look ominous...

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Quote from shortie:

those black candles look ominous...

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Dark clouthes before heavy rain, or just one clouth in a sunny california day? :-)

Thank you shortie for the input. Nice charts by the way!
 
Quote from 4444CJones4444:

The NDX has rallied a mere 33% since Mar9. The next resistance point is 4150, which it will surely reach by August '09. It's about time it recovered from that imaginary tech bubble.
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NDX @ 4150? By when?
 
Quote from riskfreetrading:

congrats! :)
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RFT are you planning to update your blog any time soon? Also, I e-mailed you about the private blog but never got a reply.
 
Quote from aradiel:

RFT are you planning to update your blog any time soon? Also, I e-mailed you about the private blog but never got a reply.
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Thanks for your note. I did not update it as I had noticed some regular visitors from a number of major financial institutions (I am talking about the majors, not small ones) who may have been taking free lunches from my real-time blogging. The blog was aimed at regular (even wealthy) people, but not those associated with professional organizations.

As for the emails, I received some 2k subscribers since blog inception. I have not worked on ways to respond to all of them. Obviously, if i were to answer all of them individually, I would need a long time to do it (if we assume for instance 35hrs week dedicated to this, and an hour per emailer, one can see the length of time), and therefore it would not be practically possible.

If you can please send me an email mentioning your ET username or subject line that follows, I will send you a personal response this evening. Subject: "ET and Blog Email".

Since you made a request, I will consider posting on the blog again.

Best regards
 
Quote from midniteeuropa:

looks way overbought, but hang seng is up BIG today! nikkei up decently to.
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I would think they would retreat US session, up and then down. I do not follow and do not trade it, but my reading of asia is that they may like to repeat what works in the USA, so they may repeat everything including price behavior :-)
 
Bears have been saying it for a month that this thing has been over extended. As you see they gave up fighting and I believe once they stop fighting it will turn back down.

Trend trading hasnt been working for last couple of days. Trend traders are very frustrated recently, writing some losses, counter trends are working well. Go with the counter trends it will be less pain, and keep your stops wider.
Yeah I know different thn some daytraders who wants to keep tight stops and their stops are working all the time with losses. Counter trends are making money dont fight it.
 
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