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Strategies & Market Trends : Classic TA Workplace

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To: Shack who started this subject	1/29/2002 9:55:29 PM
From: skinowski	Read Replies (1) of 209892

Shack, trying to make sense of the NDX chart I see a possibility of a zigzag correction starting on Dec.5, and ending on Jan. 22. The rally into Jan. 24 could hold the potential of being wave 1 of ‘C’, and the following ranging and decline, 2 of ‘C’ (the action since Jan 28 into today IS reminiscent of an Ending Diagonal) I know that the sentiment, multiple bearish divergencies, etc. argue against it, but who knows… Unless current sell off travels below 1500, it would appear that the possibility is open. Opinion(s)? Thanks.

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