Justa, looking at this chart again, I have a few more thoughts:
stockcharts.com[e,a]daclynay[d19970301,19980127][pb9!b13!b20!h.02,.20!b200!b150!b50!a925!f][iub14!la8,17,9!lh5,5!le5,10,1!li10,10!lp14,3,3!ll14!lo15][J10702648,Y]&pref=G
The drop shown after your "March Max Pain Ramp" gets us to fill the gap at 900 NDX and subsequent as you noted, and it also satisfies a Bradley turn the first week of April and the middle of April.
The drop after that to test the October lows would be a perfect hit on the 9-month cycle. That cycle worked pretty decent into the July lows last year. It also worked from the Jan. 2001 low to the Sept. 2001 low.
The ramp following works well for a failed re-test that may look like it worked.
Anyway, I like the way that map lines up with some turn dates and fibs. For example, the ramp to 849 after the first hit at below 800 also would work, as we have gap resistance at 852 NDX.
Too cool! |
