Focusing On What’s Important
Indications as to market dynamics can assist you in getting a jump on the
herd.
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12:50:09
Index Alert
The Nasdaq 100 ($NDX.X)
is forming a Haggerty 1-2-3 bottom on the five-minute chart. $NDX.X is now
down 20.79 at 1309.54.
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At the time the alert goes out, the New York Stock Exchange ticks
(
$TICK |
Quote |
Chart |
News |
PowerRating)
have already started to improve, and they really begin to take off near 12:50.
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This is something to key on to lend further support to the
pattern, as the reversal comes in.
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The index, futures and tracking stock
(
QQQ |
Quote |
Chart |
News |
PowerRating) all rally after
the formation of the pattern. All while Maria is reiterating “weakness
across the board today” and “the Nasdaq is trying to rally” as
this has already rallied more than 20 points. When you trade what you see, it is
much easier to focus on what is important, and what you can profit from, rather
than noise.
Have a great weekend,
Duke