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Strategies & Market Trends : Classic TA Workplace

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To: Paul Shread who wrote (38750)5/10/2002 11:24:40 AM
From: AllansAlias  Read Replies (1) of 209892
 
*wiggles*

Gotta keep the gears of the Voodoo Box grinding... it is now spitting out of the transmogrifications and permutations of scenarios, running it's Elliott lookahead algorithm. -g

The first signal that we likely have had a complete correction off Wednesday's top, is if NDX trades over 1239. That's the bottom of the first down leg yesterday. (It should be well known to readers of this backwater thread (-g) why this is so.)

A long way's to go to get there, relatively speaking in the wiggles. This still hangs in the balance.

On the flip side, and this was previously discussed, if we make a new low, this down will be a candidate for an impulsive move.
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