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Strategies & Market Trends : Classic TA Workplace
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To: Henry J Costanzo who wrote (123432)8/30/2005 8:51:58 AM
From: Moominoid   of 209892
 
Interesting.

Was wondering whether the move down here is a leading diagonal but gave up when I saw how many counts are possible. As for the larger corrective since 2004. That is certainly still one of the options in the NDX/NAS. We are now in wave E of the triangle by that count. However it doesn't work for SPX, because the end point of the correction, which would be very close would not result in a net correction of the early 2004 high. That's one reason I don't favor it for NDX/NAS.
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