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Strategies & Market Trends : CFZ E-Wiggle Workspace
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To: the-phoenix who wrote (4884)4/25/2006 12:19:34 PM
From: skinowski  Read Replies (1) of 41475
 
NDX/COMP not only retraced .786 of the previous week rally, but did it in a pretty clean impulsive move... so far... - unless it morphs into something else.

SPX also traced out an impulse from 4/21... which, of course, was a lower top. THe decline since April 7 may yet prove to be a correction. Too early to call a top... need more evidence.

Agree that the 4/17 low is important. A fall below that level would likely cause a lot of selling.
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