YaKa

Nasdaq - Big Picture - Could really be complete overall

FX:NAS100   NASDAQ 100 index of US listed shares
1113 21 12

I noticed it a few times, when an exuberant top is achieved, like was the case in 2000 for the nasdaq, the top is matched again a few years later with sound fundamentals after what the market corrects again. (note this is exactly what happened on SP500             between 2000 and 2007).

Here Nasdaq matched exactly the highest Monthly open ever achieved in 2000.

note there is resistance from the speed limit of the 2002/2007 rally.

As per my previous post nasdaq is probably going to correct and may come to mark a new top in June.. It will i think the TOP for a long while.

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jangseohee
2 years ago
Yacine, is this possible?
snapshot
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YaKa PRO jangseohee
2 years ago
Everything possible is not happening.
My opinion: possible up to 4500 but not happening.
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jangseohee YaKa
2 years ago
so right man :-)
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ChartArt
2 years ago
It won't go down. We are going to see a large breakout to the upside to far beyond your "game over" red lines. Why? Because everyone thinks this is the top. And they will be surprised that it is not the top. Therefore a lot of shorts will get closed and many people will buy in this new breakout.

I hope I will remember to look at this chart again after June 2015.
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ChartArt ChartArt
2 years ago
I can tell you why I'm so sure about, because the DOW is nowhere near a top, that rally is also going to continue.
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YaKa PRO ChartArt
2 years ago
ok. Good luck with that.

I am short the SP500 until mid March and will buy it there until June/july which could be a major top on new ATH.

It is is the market.. different opinions at every price. I am short. let's see.
+1 Reply
ChartArt YaKa
2 years ago
Monday, February the 9th could be a good day to be short and also maybe until Friday. But after that I expect a new major uptrend to form in the last two weeks of February. Interesting times.
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YaKa PRO ChartArt
2 years ago
You dont need to agre with me:)
You need to agree with the market. The market does not care if we agree and what i say.

Again, my view is sp500 falls 10% over 4 weeks and i ll buy sp500 at 1880 the 18th of March15.
+2 Reply
ChartArt YaKa
2 years ago
"The market does not care if we agree and what i say. "

Good point. You have to be a slave to the market (and never try to be its master) :)
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YaKa PRO ChartArt
2 years ago
Nope.
Nor master, nor slave....
You try read its move and you dance with it, not against, not under, WITH.
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jangseohee YaKa
2 years ago
I like your confidence Yacine! :-P
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Cabezadeltoro
2 years ago
I have a easy way to make money in the market. Simple: Never predict, just follow.
+1 Reply
YaKa PRO Cabezadeltoro
2 years ago
Very much agree with you. A friend of mine calls that "trading like water". In this particular case, the game plan is still on. Agree with you though: What a remarkable resilience..
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Cabezadeltoro YaKa
2 years ago
But you are still "predicting". Just follow the trend that is happening now. And the trend now is up. So look for opportunities to go long. And besides, who the heck knows what is going to happen on June 15? Why is that a magical day? Just because you say so? Just follow the chart based upon the present. The future will take care of itself. Remember: "Men who look into crystal ball, end up broken glass on finger"
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YaKa PRO Cabezadeltoro
2 years ago
Cabeza, there is truth in what you say.. I hear you. You are a trend follower and rightfully so.. this is your time... I understand what your are doing.
Now you have to understand other styles... You and I wont make money at the same time... When it is trending you make a killing.. When it is trading i make a killing.
We are not the same, we dont trade the same way. I understand how you view the world and wish I could be like you but I am not:)
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LastBattle YaKa
2 years ago
Its not going there if this thing crashes too predictability :)
There's always 90% losers and 10% winners.

I think we are just going to trade sideways until the end of September.
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YaKa PRO LastBattle
2 years ago
This post is old and not view refreshed.. I think the final top could be in Oct15...
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YaKa PRO Cabezadeltoro
2 years ago
by the way Cabeza, I dont think you are chosing the right index to make your point.... if anything, the US is doing NADA since a few weeks. In EUROPE YES. Very much so. On this particular post your point is not really valid and I suggest not to buy NASDAQ because your trend is tired here.
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Cabezadeltoro YaKa
2 years ago
I can make money in any market. I am not just a trend follower as you say. I just play swings, up or down, I dont care. Usually 3-5 day swings. I play statistical norms and I don't go outside the bell curve. My style has made me a lot of money over the last 25 years. In fact I use a derivative of the one way formula, aka "thrust method" as designed by the great William Dunnnigan back in 1957 (before computers I might add). In fact I believe the longer you are in a trade the more risk you take. And I don't choose any particular index to trade. Whatever moves and has volatility I trade.

And once again you are making a prediction. You are saying that the NASDAQ is tired. Really just because you say so? How do you know that a market is tired? Is it speaking to you in some kind of mystical voice? Predictions are for amateurs and CNBC commentators.
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YaKa PRO Cabezadeltoro
2 years ago
ok Sir - got you and actually I am in the process of adopting some of this philosophy. As for predictions, I guess there is no value for you reading anything on here then I am afraid.
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YaKa PRO Cabezadeltoro
2 years ago
Cabeza, I really like your way btw. Dont misread my answer.. I have a lot to take from your philosophy actually. Being in the NOW as eckhart puts it... True: we trade today and what makes us happy is the gains of today.. good point.
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