[ 110399 ] 110999 ] 111299 ] 120299 ] 120899 ] 011100 ] 013000 ] 022700 ] 030300 ] 030800 ] 030701 ]

Home
Up

Co-brand Partnerships

award-5.gif (6517 bytes)

topsite.gif (1668 bytes)

webfifty.gif (6027 bytes)


 
drop_center.gif (2753 bytes)


wpe1.jpg (2095 bytes)


FREE EMAIL
Email Login
Password
New Users Sign Up!
 
MAILING LIST
Sign up for our weekly e-mail newsletter!
Tell Me More!

Enter your e-mail address
subscribe
unsubscribe
NEWS SEARCH
WEB DIRECTORY
WEB SEARCH
 CITY GUIDES
search by:
 WEATHER

Current Weather
Enter Your City, State, or Zipcode:

   

MASTERING
THE TRADE

ORIGINAL, INTERACTIVE SEMINAR ON TRADING USING
TECHNICAL ANALYSIS
 

 
EARNINGS ESTIMATES

Enter Symbol

U.S. QUOTES

Enter Symbol:

U.S. CHARTS

Enter Symbol:

TECHNICAL OPINION

Enter Symbol:

CANADIAN CHARTS

Enter Symbol


 SEC FILINGS

Search For:
 

Company Name
Ticker Symbol

 BROKER RESEARCH
Exclusive Broker

Research
Enter Ticker

 

 

Reality Check Charts
Archives

11/3/99:  NASDAQ Chart Commentary by
Mitch Harris of the Reality Check newsletter

With all of the optimistic talk about Nasdaq 3000 and the addition of MSFT & INTC to the Dow, it remains important to keep perspective and remain objective.  The Weekly OTC Composite chart offers several observations that I thought should be discussed. 
 
The first point is the bottom line, which is that the trend remains bullish and the index continue's to push new highs.  Acknowledging this, other points to be made are that there are warnings that this bullish trend is overbought and divergent. 
 
The bands that have defined the price trend are known as "Bollinger Bands", after their inventor, John Bollinger and are plotted along with prices based on a standard deviation above and below the price movement.  The Nasdaq is trading at the top of this trading band, implying that at least a pullback will soon take place to the middle "moving average line". 
 
The other observations are related to the lower indicators.  From top to bottom they are Weekly RSI, Stochastics, and MACD (moving average convergence/divergence).
 
1)  RSI - shows that relative strength topped out early in the year and has since been diverging negatively against the continuous gains made by the index.  This is relavent to the "funneling" effect of less money going into a progressively concentrated number of key issues.  This has kept the index rising, but not the vast majority of its componants.  
 
2)  Stochastics -  This too is showing a negative divergence by not moving to a new high with prices.  This indicator is a measurement of the market's elasticity and the divergence suggests that prices will be propelled lower at some point soon. 
 
3)  MACD - This indicator is another way of looking at the magnitude of the move, and it too shows that the strength has been consistently diminishing throughout the year, not all out bearish, but diverging against the continued price rise. 
 
If these indicators actually begin to decline instead of just lacking confirmation of the uptrend, it would be expected that prices will follow very quickly as there is little strength below the market.  This makes the odds of a persistent uptrend questionable beyond the very short term.
 
Keep in mind that "weekly" chart analysis is NOT as fast moving or immediate as is the action of the shorter term and more volatile "daily" chart.  This is not intended to imply that prices cannot move higher in the near term.  It is to illustrate the lack of broad based strength that the move is based on at this point. 
COMP  Nasdaq Composite Index 11/2/99 
 
NAV: Change: Offer: Yield:
 2,981.63 13.98 3,014.84 n/a
Percent Change:   52 Week Range:
0.47%   1,766.27 to 3,014.84


 

 

              Market Trend Realities (MTR) is a Registered Investment Advisory which manages personal, corporate, Trust, and retirement accounts on a fee only basis. Several low cost, flexible management fee arrangements are available. Investment Advisor, Mitch Harris has studied the Point & Figure Charting Method under the direct supervision of Michael Burke, Editor of the prestigious Investors Intelligence research organization. Management is based on a unique combination of technical analysis methods and tools which include, The Point & Figure charting method, Elliott Wave Analysis & techniques, industry group analysis, cycle analysis, Relative Strength Analysis, Stochastics, and investor sentiment studies. MTR offers a very uniquely structured managed mutual fund program using the RYDEX family of mutual funds, which offer outperformance potential whether equity markets are rising OR falling! Inquiries are welcome by calling us at (513) 421-8737, or by email at: mtr@fuse.net  

               MTR also publishes a monthly investment newsletter called "Reality Check", which offers technical commentary on the stock & bond markets, the Dollar Index, gold & gold stocks (XAU), Treasury yields, utilities, investor sentiment, and Federal Reserve policy. It also offers stock trading recommendations each month with price targets, stop loss points and insider activity. There are 4 trading portfolios, including a short selling account (we are very proud that our short sale recommendations have averaged 12.5% "compounded" during the roaring bull market of the last 5 years). Short term market commentaries are updated on Tuesday and Friday mornings, along with portfolio changes on this web page. They are also emailed for free to anyone who provides us with their email address. The regular subscription rate is $200 (US) per year. A special first time subscriber rate of $139 is available to  viewers. Samples are available upon request. MTR will be happy to send information on any of the above mentioned services. Please email us your home or business address and specify your interest(s).

 

 

 
Search for it at the TulipSearch Open Directory
Investment Bookstore Investment Newsstand Market Mavens Report

TULIPS AND BEARS NETWORK SITES

 

FINANCE
Tulips and Bears
Contrarian Investing.com
Internet Stock Talk
Traders Message Boards
Traders Press Bookstore

NEWS AND INFORMATION
TulipsWeather
Freewarestop.com
TulipsMail
TulipsEspa�ol
TulipSearch
TulipNews
TulipCards
AllMusicSearch.com
City Guides
Travel Center
Bargain Bloodhound

WEBMASTER TOOLS

BecomeAnAffiliate.com
TulipDomains
GoSurfTo
TulipStats
TulipHost...coming soon
TulipTools...coming soon
...coming soon




Questions or Comments? Contact Us

Copyright � 1998-2002 Tulips and Bears LLC.
All Rights Reserved.  Republication of this material,
including posting to message boards or news groups,
without the prior written consent of Tulips and Bears LLC
is strictly prohibited.  'Tulips and Bears' is a registered trademark of Tulips and Bears LLC


Last modified: April 02, 2001

Published By Tulips and Bears LLC