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Strategies & Market Trends : Classic TA Workplace

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To: jjstingray who wrote (77318)	7/13/2003 9:19:52 PM
From: the-phoenix	Read Replies (1) of 209892

I think we need some counts on non-tech, here, for context. Just looking at the NDX and/or SOX without regard to what's happening in the Dow and SPX is, well, ignoring potentially important information. The markets will move substantially together and in the same direction, so if we are in 5 of C in tech, then what are we in in non-tech? I wonder if we aren't still in 4 of C, or is C over and we are into the next wave. What would that next wave be, BTW? What is supposed to follow "Big C"? Might it be "Big D", with "Big E" to follow, rather than new impulse down? Everyone seems to be anxious to get heavily short at the end of the C for a huge ride down, but what is there that says that the rally out of October has to be an ABC? The NDX weekly looks to me like it could be making a triangle.

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