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Non-Tech : Raptor's Den

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To: Shack who wrote (5487)11/11/2002 5:17:57 PM
From: ajtj99  Read Replies (1) of 10157
 
Shack, looking at the charts over the weekend I thought we'd have had 5-waves down from the high on the NDX at around NDX 980. It appears either I'm counting something wrong or this is a 3-wave move (doubtful, as it channels nicely).

I've got NDX 940 as a possible landing spot on a break of this most recent bear flag, but NDX 965 appears to be a decent place for support, especially as this just drags down following the lower channel line.

I guess my question is where do you see this 3-down ending in the NDX? I saw Onischka had NDX 965 as support, so maybe that's your area also.

I had NDX 1017 as a possible bounce area, but that's gone now. I think NDX 1004 may be the best we get on a bounce (QQQ 25).

What's your thoughts on this from an e-wave perspective?
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