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Strategies & Market Trends : Classic TA Workplace

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To: AllansAlias who wrote (21061)	11/14/2001 8:50:54 AM
From: AllansAlias	Read Replies (2) of 209892

NDX resistance summary: * We are currently set to gap-up over the very important horizontal resistance around NDX 1590. That's the shelf tested twice in July/August and tested from the underside in September. It is also the putative wave 1 low seen by the bearish Elliott's. This correction would soon confirm that it is of higher degreee than the previous ones we have seen in the tech decline. * The top line of the NDX wedge out of the Sep lows is around 1618 today to 1650 by the end of the week. * The target for the putative A move (first leg) to equal the putative C move (this leg) is NDX 1650. * The .382 retracement off the May highs is NDX 1695.

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