| Author |
Message |
![[Post New]](/intradeForum/templates/default/images/icon_minipost_new.gif) 08/08/2003 00:00:00
|
Short_this(imported)
Junior
Joined: 21/08/1970 08:15:04
Messages: 53
Offline
|
Is it just me, or are the markets on the year-end NAZ a little skewed. Like the NASDAQ will ever finish the year below 1000. It's 52-week low is a little above 1100, and being at its current level 1644, that's a heck of a down-draft. I guess you can never say never, but I think nasdaq below 749 should be at 2, and below 1000 at 5, if only I had more money. i hate tying up my cash for long periods of time, but if you don't mind, I say these odds are nuts.
Good trades to ya
|
|
|
 |
![[Post New]](/intradeForum/templates/default/images/icon_minipost_new.gif) 09/08/2003 00:00:00
|
Short_this(imported)
Junior
Joined: 21/08/1970 08:15:04
Messages: 53
Offline
|
Point being.....
Dow year low: 7197.49 Nasdaq yr low: 1108.49
Ratioed you get 7197.49/1108.49 = 6.493 At current levels, 9191/1644 = 5.59
So using a ave ratio of 6, Nasdaq 749 is equivalent to around Dow 4494. And Nasdaq 1000, would be around dow 6000, probably a little higher. Anyway, since the lowest market on the Dow is "below 6999", and is offered at 7, it would make sense that this market would reflect both "NASDAQ below 1000, and below 749" markets, since with the ratio dow, we find that nasdaq can only be below 1000 if dow is below 7000. Currently Nasdaq "below 1000" is 5 bid, and 4 bid "below 749", which is 9 bid total, which doesn't correlate to the dow "below 6999" being offered at 7s.
My ratio could be wrong, as my theory. Maybe i do have too much time on my hands...
|
|
|
 |
|
|
|
|