| Don, We got a closing breakdown on the Dow, below 10,380, so I see that going to 9800-10,000. The only definitive pattern I got on the NDX was a small rising wedge that was fulfilled on the 2500 retest. I'm wondering if it was a bear flag, with a 450-point pole, which would carry the NDX to 2150-2200. Don't know if they all line up, but at the moment I'm getting targets of 9,800 INDU, 1200 SPX, 2200 NDX, and 400 SOX, with the caveat that the lower you go, the less likely chart patterns are to complete their full predicted moves. |
