CFZ E-Wiggle Workspace Message Board

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Strategies & Market Trends : CFZ E-Wiggle Workspace

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To: the-phoenix who wrote (4867)	4/17/2006 6:18:31 PM
From: the-phoenix	Read Replies (2) of 41481

Got a buy signal on NQ hourly system today (that I wasn't around to catch) at close of the 1:30 hourly bar at 1699.75 . I think (hope) we will revisit that level tomorrow. (That's 48 points on the short triggered on April 6th and 268 points in two months.) As for ewave count, I think the NDX is in a 3/C down off the January top. Assuming we are somewhere in the iii thereof. Today's buy signal was triggered at the lows just before 2PM, and NQ did rally almost 20 points off that low already. Assuming we finish the iii down in the next day or so, a buy in the NQ 1690-1700 area could work out if the NQ gets a decent wave iv correction before becoming oversold again. I imagine with opex this week plus lots of earnings, we should see a choppy 5 of iii down followed by some kind of a iv up.

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