Technical Analysis.

The NASDAQ-100 Index has continued in a declining trend over the past week. The volume for the NASDAQ 100 index shows us that this decline cannot last much longer, as over the past week there has been a tremendous amount of volume on the buying side trying to support the index. By comparing the NASDAQ's price/volume relationship with that of the NYSE's, one can see that there is a lot of support at this level. Although, the volume at the end of today's market may suggest that the index will try to re-check it's support level.

Our institutional investor made the above trades based on our volume signals. For the buy points 1 through 7 he made decisions to buy based on the fact that the NASDAQ-100 Index had been on an declining trend; therefore, he made a decision to purchase just after the volume moving average (VMA) had begun to fall off. For the sell points 1, 2, and 3 he based his selling decision on the same reasoning he made his purchasing decisions. On all the sell points he waited until the VMA began to decline in order to confirm that a sell order should be placed. For the sell point 4, 5 our institutional investor decided to sell his last four purchases as the end of day volume signaled that there was a possibility for the market to go down Monday morning. Since there may be a good chance that the market will go up rather than, or after checking it's support level, our investor decided to hold his purchases for points 6 & 7 until Monday. 

Based on MarketVolume's analysis, our professional investor was able to make the following returns:

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