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Strategies & Market Trends : Classic TA Workplace
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To: ajtj99 who wrote (77559)7/17/2003 9:45:12 PM
From: skinowski  Read Replies (1) of 209892
 
Actually, SPX is easier to interpret in a bullish way (all on 60 min): The top on 6/5 is followed by a 5-3-5 correction into the 7/1 low (with the "b" of the correction reaching new highs).

In this scenario, the rally out of 7/1 has been a half-arsed impulse into the 7/9 top. After that, witness another correction, a 3-3-5, and in this case we are now in the later stages of that last "5" and will be ready to rally - maybe from a point which would correspond to your favorite NDX 1231 level... g/ng.
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