Re: [RT] nasdaq whats next

Ben,

Not questioning your forecast (I wouldn't dare), but regarding McClellan and perhaps also your barometer (I don't know the basis of it), it looks to me that after the bearish dvg betw 7/24 and 8/15, there is now bullish dvg with the indicator L lower than the L of 8/5 and price L higher and, as such, calling for a rally.

Similar to 8/5 vs 7/28 although both, divergence and negative dvg developed by a flat mkt are unreliable

It can be explained as the correction being actually stronger than what the price shows, makes now the mkt ready to go up again. .

Barbara Starr wrote an article in Stocks & Commodities on dvg of this type years ago and, also years ago, a man whose name escapes me, specialized in dvg, and wrote on the same subject.

Anybody remembers his name?

Jan Philipp

----- Original Message -----

From: Ben

To: realtraders@xxxxxxxxxxxxxxx ; astrofin@xxxxxxxxxxxxxxx

Cc: TimeandCycles@xxxxxxxxxxxxxxx

Sent: Sunday, August 24, 2008 3:07 PM

Subject: [RT] nasdaq whats next

the NASDAQ looks like is going to underperforms

in the next move down will go down in % more than sp500

here is why

the chart attached is the top left is NASDAQ

under it is chart of market barometer

it is clearly showing now a bearish divergence

the top right chart is the macd on the volume McClellan osc

it is on a sell and bottom right is the diff between the 2 histograms

also already on sell

even we have a nice up day Monday/Tuesday that is gift for shorting

Ben

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