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Strategies & Market Trends : Waiting for the big Kahuna
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To: William H Huebl who wrote (70477)4/12/2005 6:47:16 PM
From: Real Man  Read Replies (1) of 94695
 
My silly NDX take - January decline stopped at 1,480.66.
The Exponential LT trend stood at 1469.11 +- 10 on Jan.,24,
and that rising trendline served as support for the month
of February. Now, the simple LT trend stood at 1473.2 in
late March, when we bounced from 1458.26. Interestingly,
The Fib of the whole decline from the highs to the
lows is at 1567.93, which will coinside with the re-test (from
below) of the Exponential LT trend on Tuesday, April, 26.
Should we decline from then into May, 5, The LT trend (support)
then will be at 1500.39. All numbers have about .7% accuracy :)
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