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Strategies & Market Trends : gem-x's incredibly accurate Elliott Wave forecasts.

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From: gemx	4/17/2006 12:06:48 PM
	of 2290

Full upward 2 in NASDAQ = 2347 wavegenius.blogs.com Big question is if there were to be a rally to complete a full .618 to 2347 this week...is it an upward 2, or would it rally beyond .618 and form a new impulse.. It's a holding pattern for the elliott wave..we just don't know how the big techs will react to earnings... If there's a strong reaction, and 2347 leads to a break of 2367 or even 2375, we could be looking a further extension of a rally to higher highs.. But a 2 would hit 2347, find resistence, and drop below 2303, forming a downward 3 or a C wave... .786 resistence is been a very tough level to break in the past 3 months..almost like someone with huge amounts of stock for sale knows that it's there..

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