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Strategies & Market Trends : Classic TA Workplace

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To: Siddhartha Gautama who wrote (111215)	1/5/2005 8:04:18 PM
From: Galirayo	Read Replies (1) of 209892

Sid ... NDX .. I can only tell you what I would like to see ... so I guess I'm Biased. What do you see for tomorrow? Todays Inverted Hammer even though it's black still needs confirmation. I'd rather not see this one confirm for a Sustained Up unless it's a white hammer... For a Hammer Reversal. I have last tic at 1563 now ... low after hours of 1562.64. Next support should be 1557. I don't expect any real test of that. Just a touch ... if at all... or ... I don't want to see it trading at 1557. Fast Stoch is close to the bottom below the 20. Slow Stoch is still above or close to 50. Any Up move while Slow Sto is above 50 is strong if it produces a crossing. I think NDX will be back above the 100dma by Fri close or we have real trouble. We'll know alot more tomorrow. After all the recent Crows everywhere it needs to be a Good Set Up for a Sustained Up. Something to negate the crows. But I'll also take this opportunity to defer to others here who are much more knowledgeable than I. Ray BTW: Speaking of Birds .. No one told me that our Congo Grey crapped on my shoulder while I was typing and looking at charts :(

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