NASDAQ bricht vorbörslich wieder ein !!!

[Ralph]

Der NASDAQ-Future steht mit 2.6% im Minus .... erste Kurse grosser Werte deuten auf Ungemach hin !

CMRC -9%
ARBA -9,46%
ORCL- 2,84%
ITWO -10,27%
YAHOO -4,05%
PALM--3,16%
SEBL- 3,8%
CIEN -7,4%
EMLX-6,81%
---------------
MLNM -7,7%
HGSI -6,8%
CELG-4,8%
PDLI-7,8%
MEDX- 6,9%

Ralph

[artistin]

Mailout von Kinetictrader.com

January 3rd / Wednesday

As mentioned last week, the market made it to the middle of the death spiral and paused,
where there were 300 points above and below between channel boundaries. Tuesday it
turned and reversed lower through 2430, realizing half the move needed to hit the bottom
side again. This was a great shorting opportunity and anyone following us is up nice on it!
Concentrate on playing the right side within your time frame and days like that are not
uncommon.

Near term - there is very decent chance we go lower before higher. It doesn't have to be
as quick and nasty as Tuesday, but the 60-minute NASDAQ chart is showing us in the
heart of weakness in the near term. You can see the bottom side of the channel in our
downward spiral (daily chart) is about 150 points lower than this. That would be a normal
move relative to the overall trend selling that began early September. There's a chance we
get a near term bottom and try to turn up, and though I consider this unlikely in the first
place, I think it's obvious if there's a rally here it's not getting past the relative high near
2600. That would only mean another lower high and selling opportunity. This is why at
Tuesday's close it's in the core of the weakness - no matter what happens
today/Thurs/Friday the chances of going lower again within the next week or two are good.

Longer term - What stops it? Higher lows and a reversal. There is zero evidence of one
happening right now, especially if the market does hit 2100s in the next week.

Sorry folks but if the year 2000 as a whole doesn't prove to you everything is possible
(which is important to accept), nothing will! Even bearish ole me would have been skeptical
if someone had said we would drop from 4300 with zero signs of reversal into the low
2000s. The difference between me and someone in denial, however, is that I accepted what
was happening on the chart as possible the entire way down. You don't have to believe
something is going to happen to play it right, but you do have to accept everything as real
and possible or your thought process will be flawed from the start.


Zusätzlich warnt Eric nochmal eindringlich vor Biotechs. Sorry, kann das Bild/Chart nicht einstellen....


grüsse
artistin