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Strategies & Market Trends : Waiting for the big Kahuna

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To: GROUND ZERO™ who wrote (73507)7/24/2006 7:29:27 PM
From: Moominoid  Read Replies (1) of 94695
 
Thought you were short still - going long here? What do you mean then that the uptrend is fully intact? I see this rally today as likely the beginning of a C wave (Tues-Wed were wave 1 of C). Rally should last this week at least. SPX will likely go above 1280 but not a lot till the downtrend resumes. NDX won't exceed the July 3 high.
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