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Strategies & Market Trends : CFZ E-Wiggle Workspace

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To: the-phoenix who wrote (4441)12/23/2005 12:59:03 PM
From: skinowski  Read Replies (1) of 41551
 
It's true, they overlap in the non-tech. I do not look for all the indices to form the same patterns. For instance, one can trace out an ED, while the others can be in a triangle/fifth formation.... which, if you think about it, reflect very similar psychology. So, for now I like the ED in SPX and some sort of a more complex formation on NDX... maybe a "double three" with a C ending on dec 20 or the next day...

Right now, just looking at NDX on 30 min, it looks an awful lot like a wedge off the recent lows... which would not be bullish short term. The thing is always fun, no? A puzzle with moving parts... -g
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