Whats the Nasdaq's Ceiling?

E

etfarb

By nasdaq i mean NQ. We've had a hell of a run thus far and people believe that this is only the beginning of the bull run...

We had a 40 point run alone in the first hour of trading on friday and the market breadth diverged... I don;t like to fight the tap but i'm a counter trend trader.

Apples best case scenario is 510. If apple magically opened at 510 tomorrow what would that move equal on the nasdaq? Personally i think 3000 is the utmost top, but hell that could be very wrong. I open this thread because i'm curious to hear what others think
 
if you are a counter trend trader, there is already over fifty percent chance you will lose. Follow the trend, trend is your best friend. Predicting the top is meaningless.
 
On the upside I would look at...

3030-3040
3205-3240

Those are in focus from back in mid 1999 and 2000.

On the downside the first few levels I would look at...

2925
2871-2888
2665

I don't expect any of you to trade on this since you have no idea if I pulled them out of my ass or if I have actual reasoning at those levels. Only time will tell, not me. :confused: :p


Trade On!
 
Quote from TILT2:

if you are a counter trend trader, there is already over fifty percent chance you will lose. Follow the trend, trend is your best friend. Predicting the top is meaningless.
More...

You were predicting tops a week ago and were so sure of your calls. Now you've given up on your certain methodology and just preach the opposite...
 
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Originally posted 5/5/13 ...

Quote from tiddlywinks:

On the upside I would look at...

3030-3040
3205-3240

Those are in focus from back in mid 1999 and 2000.

On the downside the first few levels I would look at...

2925
2871-2888
2665

I don't expect any of you to trade on this since you have no idea if I pulled them out of my ass or if I have actual reasoning at those levels. Only time will tell, not me. :confused: :p

Trade On!
More...


I'm just saying. :)

Trade On!
Will be updating levels this eve.
 
Quote from tiddlywinks:

On the upside I would look at...

3030-3040
3205-3240

Those are in focus from back in mid 1999 and 2000.

On the downside the first few levels I would look at...

2925
2871-2888
2665

I don't expect any of you to trade on this since you have no idea if I pulled them out of my ass or if I have actual reasoning at those levels. Only time will tell, not me. :confused: :p


Trade On!
More...

Updated NQ levels as of eod 5/20/13

On the upside...
3030-3040 area remains focused.
3213-3240 slightly tighter than originally posted

On the downside...
3009
2994-2998 to include all the drama of magic 3000
2954
2924
2871-2888
2718 If this gets breached the bear will be hungry, IMO.

Trade On!
 
Why won't a company with $200 billion already on their balance sheet, and making $40 billion per quarter never reach a market cap of $1 trillion?
 
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