The Bottom Indicator

The NQ100 is battling to make a stand while the SP500 and DJIA continue to drag along the bottom of the recent declines since they contain the bulk of stocks being liquidated. Lending is still sluggish as risk attitudes have now changed for the foreseeable future. This change goes hand and hand with the potential for a worldwide recession and is keeping a lid on much if any upside so far. The greatest marginal advantage will turn to the buy side once the liquidation slows and prices are perceived to be cheap enough to make a long term play. NQ100 will be the indicator that the bottom has been achieved.