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Strategies & Market Trends : Moomin Valley (formerly Troll-free Zone)

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To: At_The_Ask who wrote (518)	2/20/2002 12:30:47 AM
From: Moominoid	Read Replies (1) of 2852

OK I was wrong on the NDX count Revised NDX counts and also posted short-term Dow counts. I still think the Dow may be completing the second wave of the new up move. But it is hard to tell. NDX could still go down a little in this move. But I now have 5 waves down from January and so think the end of this wave is very near at hand. IMO it is C of 2. Sorry for any criticism of your counts. Though not sure why 1,2-1,2 instead of a straight 5 waves down. cres.anu.edu.au cres.anu.edu.au cres.anu.edu.au cres.anu.edu.au cres.anu.edu.au The model failed abyssmally yesterday but says up again for Wednesday. In USD terms I'm not doing too badly this month - way beating both indices (SPX,NDX), but will need to roll sold puts at the Aussie expiry tomorrow. Murdoch stepped in and bought a pile of News Corp Ordinary shares at the bottom which is good news. NDX and NCP caught up more or less. But unfortunately more by NDX going down than NCP going up! On my spreadsheets the support for KKD dissolved after the up move yesterday. Resistance for LOK dissolved too after its downmove. Support was reached on the two indices I track - support and resistance are fairly flexible in this model. Gold stocks got hammered here today Sons of Gwalia down 7.5%. Lihir down 4.5%, Newcrest down 1.8%. News Corp is only down 1%, Mayne down 1.3%. ASX200 index down 0.9% David

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