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PAGE UPDATED MARCH 29 2009

NASDAQ INDICATORS

I HAVE ADOPTED THE SAME SET OF INDICATORS RELATING TO THE NYSE 

FOR THE NASDAQ , 

10 MONTH ADVANCE DECLINE LINE  

I PREFER LONGER TERM PATTERNS AS THE DOMINANT DIRECTION

ILL HAVE TO FOLLOW THIS FROM A DISTANCE 

THE PATTERN IS VERY POSSIBLY ONLY BOTTOMING IN A LONGER TERM C WAVE  

IT WILL MOST LIKELY TAKE SEVERAL YEARS FOR THIS PATTERN TO COMPLETE 

THIS 1ST ONE GETS UPDATED MONTHLY ( ITS A MONTHLY CHART ) 

THIS IS AN INTERESTING CHART TO FOLLOW GOING FORWARD . SOMETIMES THE INTERNALS OF A MARKET

GIVE CLUES TO WHAT IS GOING ON INSIDE THE MARKET EVEN IF THE MARKET IS HARD TO READ.

THIS IS LOOKING MORE AND MORE LIKE A CORRECTIVE DECLINE IN THE NASDAQ 

CHART UPDATED DEC 28  2008

DEC 28 2008

TOUGH CALL HERE AS THIS IS SITTING RIGHT NEAR RESISTANCE

MARCH 29 2009

NOT SURE  AS WE COME INTO THE 11 MONTH CYCLE LOW DUE IN NOW

MAY 31 2009

WARNING !!!! WE ARE INTO A LONG TERM UPPER RANGE HERE !!!! ( BEARISH ) 

NASDAQ 10 DAY ADV DECLINE LINE 

UPPER RANGE BEGINS AT 500 AND RUNS UP TO 772

LOWER RANGE BEGINS AT MINUS 867 AND EXTREME OVERSOLD IS NEG 1342-1493

DEC 28 2008

THIS INDICATOR NEEDS TO WORK ITS WAY BACK DOWN YET IS IN A NEUTRAL POSITION 

MARCH 29 

SEE INDICATORS LINK FOR SOME TIMING ASPECTS IN REGARDS TO NYSE ADVANCE DECLINE LINE 

THIS INDICATOR IS BEARISH .

MAY 31 

AS THE NASDAQ IS APPEARING TO BE BREAKING OUT TO THE UPSIDE THIS INDICATOR IS NOT

CONFIRMING THE MOVE . LOOK FOR A B WAVE HIGH HEAR AND THEN LOOK MUCH LOWER 

THIS SHOULD DRAW THE NASDAQ MARKET LOWER OVER THE COMING MONTHS ONCE THIS 

INDICATOR PEAKS .

120 DAY ADVANCE DECLINE LINE 

THIS CHART IS FROM THE FEB 6TH 2007 HIGH IN THIS INDICATOR

FROM THIS HIGH THIS INDICATOR HAS COMPLETED 5 WAVES DOWN OVER A FIBONACCI

233 + 1 TRADING DAYS 

CHART UPDATED MAY 31 2009

THIS INDICATOR IS TOPPING IF NOT ALREADY TOPPED

JULY 31 2009 WOULD BE THE IDEAL TIME TO LOOK FOR THIS TO TURN STRONGLY TO THE 

DOWNSIDE

 .

 UP VOLUME MINUS DOWN VOLUME FROM 1999 TO 2002 ( 10 WEEK )

SOFTWARE PROBLEMS TO BE UPDATED AT ANOTHER TIME 

GOOD LUCK TRADING