纳斯达克指数相对其他指数表现强势，可能已形成早期底部，正进入下一轮上行阶段。
逐段跳播
我们曾说过，当市场触及那个低点时，这里可能是一个底部，但当时纳斯达克跌得更深。
So, we said there was a potential bottom here when the market hit that low level, but the Nasdaq fell even further at that time.
接下来我们看看纳斯达克指数。这就是纳斯达克，你可以看到，看，我说的就是这个。纳斯达克此前表现差得多，随后走出这种形态，即反弹回来且没有丢失太多阵地。
Let's look at the Nasdaq index next. And this is the Nasdaq here, you can see it, look, this is what I'm talking about. The Nasdaq performed much worse earlier, then took this form where it bounces back and doesn't lose much ground.
所以我们这里看到的是这样一种可能性：这里是一个早期底部，而我们现在正处于下一个上行阶段。我们现在在纳斯达克指数上的处境比以往更强，而且明显强于我们在其他指数上看到的。
So, what we have here is the possibility that this was an early bottom here, and that we are now in the next upward phase. We now have a stronger position in the Nasdaq index than we have had before, and it is considerably stronger than what we see in other indices.
在这里，你也可以在纳斯达克指数的日线图上看到这个负向周期。它涨得更高了。它非常接近那里的 78.6% 水平。这很重要。
Here, you can also see this negative cycle on the daily chart of the Nasdaq index. It rose even higher. It is very close to the 78.6% level there. This is important.
如果它突破 29,753，那么突破盘中高点就会在这里出现。所以，这是一个关键数字。如果它突破那个水平，那么我们就会知道，日线和周线图上在这里形成的底部就是那个重要的底部。这将使它脱离与标普 500 及其他指数的一致。
The breakout from the session peak will be here if it surpasses 29,753. So, this is a key number. If it breaks through that level, then we will know that the bottom that formed here on the daily and weekly charts was the important bottom.
This will put it out of sync with the S&P 500 and other indices.
一个更强的市场；这里的底部预计在 9 月中旬，而这里的顶部出现在 6 月，而不是其他指数见顶的 8 月。所以，你可以看到它确实超出了时间框架。这里的动能仍然是负的。
A stronger market; the bottom here was expected in mid-September, and the top here came in June, not in August where other indices peaked. So, you can see that it is definitely outside the time frame. The momentum here is still negative.
在交易者模式下，你可以在这里看到，我们看的是 SPY 和 QQQ，它们实际上……抱歉，我现在是短期模式。我想切换到中期。它们的评级在第 10 天和第 14 天从略微向上降至中性。
In trader mode, you can see here that what we are looking at is SPY and QQQ, they were actually... sorry, I'm in short-term mode. I want to move to the medium term. Their rating dropped from slightly upward to neutral on the 10th and 14th days.
观察点
这个频道对 $QQQ 的历次判断
Steve Miller 在这只股票上只有这一条判断。