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To: nspolar who wrote (268)	12/11/2005 1:18:54 PM
From: skinowski	Read Replies (1) of 656

I'll miss the previous "cool" name... -g There is a common saying that trends last longer than most people expect. I think it can also be said that "RANGES go on longer that most people expect". Right now NDX is facing trendline resistance from the line connecting the tops of Jan and Dec 2004. It would be my working assumption that we are not far from an intermediate top. Wave-wise, the chart so far looks "best" (imo) as being in the 4th since the October low. (maybe this recent impulse is a "C" of the structure since April 29 of this year?) If instead the index breaks out in a meaningful way, the way you present, then... life goes on. Buy short-term oversold dips... and do other wonderful bullish things.... -g

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