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Strategies & Market Trends : Classic TA Workplace

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To: skinowski who wrote (133091)	5/26/2006 8:30:47 AM
From: Moominoid	Read Replies (1) of 209892

I am reading the decline and rise in NDX in the first few months of the year as wave 4 and a truncated 5th (of the ED C wave off the move off the 2002 low). In COMPQ the wave 5 is not truncated. The January high is the top of wave 3 which is a double zigzag on most indices. As you know I like to relate patterns across markets etc. even if those wouldn't be the most likely patterns on any individual index or issue. Still SPX and Dow etc. only begin their decline when the NASDAQ indices entered their 3 down. But they also seem to have made 4 wave down so far. I guess I could post some charts some time...

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