Shooting Star
09-12-2001, Sun 7:41 AM
salamI am sorry my browser do not support Arabic, so Pls. Do not be angry at me ,, OK specially AhmedAli
ied mubarak in shaallah in advance
On the coming period I am not very happy with the daily MACD Histogram on NASDAQ, if you check it you well realize the following,,
The latest market climb starting month 10 day 2nd was supported and confirmed with a climb in the MACD Histogram all the way up, but laity I realized the NASDAQ is still climbing with out any confirmation on the MACD Histogram, NASDAQ is going higher but the Histogram is going smaller, which tells me that rally is loosing it's breath, or you can say there is no more bulls behind it to support that rally, it looks like a rocket climbing and the engine was suddenly shut down, the rocket will not fall, it will go up using the last momentum to climb for short period, but it will fall so bad, as well if you check the weekly charts the market is not in real bullish mode it still in a down trend under the moving averages, any moving average length or period but the thing is , it is touching the moving average which is the resistance for now,, plus the weekly MACD Histogram is looks like over bought, as well the weekly stochastic, I think strongly that the NASDAQ will go down to maybe 1300 point, if the market is lucky it will go down to 1520 or 1650 point, I will not be surprise if NASDAQ goes down to 700 or 500 points, but if the president of US boosts more money or use his own influence to encourage money houses to boost money to the market, like he did before, I thing he needs to find more money this time to safe the angry market, and then the picture will change, but I think every one is selling now in USA to get some money for there chrisms vacations, I think that's my last thought for that tricky market, if you share me my thought about the NASDAQ Pls. trans late it to the other guys in this club under my responsibility, by my name, since I have no Arabic support on my PC..
May be I am wrong , May be I am write, but I think those signals I have seen is one of the strongest ever, but any way it is better to be safe than sorry, you will loss no thing, but you might be saving your budget .
Thank you , and have a happy ied
To Alharbi that's what I meant when I said read between the lines in the technical analyst
ied mubarak in shaallah in advance
On the coming period I am not very happy with the daily MACD Histogram on NASDAQ, if you check it you well realize the following,,
The latest market climb starting month 10 day 2nd was supported and confirmed with a climb in the MACD Histogram all the way up, but laity I realized the NASDAQ is still climbing with out any confirmation on the MACD Histogram, NASDAQ is going higher but the Histogram is going smaller, which tells me that rally is loosing it's breath, or you can say there is no more bulls behind it to support that rally, it looks like a rocket climbing and the engine was suddenly shut down, the rocket will not fall, it will go up using the last momentum to climb for short period, but it will fall so bad, as well if you check the weekly charts the market is not in real bullish mode it still in a down trend under the moving averages, any moving average length or period but the thing is , it is touching the moving average which is the resistance for now,, plus the weekly MACD Histogram is looks like over bought, as well the weekly stochastic, I think strongly that the NASDAQ will go down to maybe 1300 point, if the market is lucky it will go down to 1520 or 1650 point, I will not be surprise if NASDAQ goes down to 700 or 500 points, but if the president of US boosts more money or use his own influence to encourage money houses to boost money to the market, like he did before, I thing he needs to find more money this time to safe the angry market, and then the picture will change, but I think every one is selling now in USA to get some money for there chrisms vacations, I think that's my last thought for that tricky market, if you share me my thought about the NASDAQ Pls. trans late it to the other guys in this club under my responsibility, by my name, since I have no Arabic support on my PC..
May be I am wrong , May be I am write, but I think those signals I have seen is one of the strongest ever, but any way it is better to be safe than sorry, you will loss no thing, but you might be saving your budget .
Thank you , and have a happy ied
To Alharbi that's what I meant when I said read between the lines in the technical analyst