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To: Poet who wrote (34970)3/22/2001 11:10:38 AM
From: AllansAlias  Read Replies (1) | Respond to of 35685
 
From an Elliott perspective, I am tracking the NASDAQ as an a-b-c-d-e correction here. This is only a provisional roadmap, but if it holds, then we should see the turn after this bounce (the "e"). The first bounce yesterday morning would be the "a". This scenario would call for this bounce to fail somewhere in the 1637-1650 range and then a turn down of significance.

I would be more confident if COMPX were also coiling rather than just falling in a channel.

We'll know today sometime if this roadmap has any value. A brek above NDX 1655 and the map dies.