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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: AllansAlias who wrote (3180)	5/23/2001 9:25:31 AM
From: JRI	Read Replies (1) \| Respond to of 209892

I understand what you are saying about the good probability that Wave 5 will be shorter than 1 and 3....but I find it interesting the possibility if we hit 2250 as a low (a clear "defense point") on this 4....and then rise 150 COMPX pts (equal to a and c), and get to 2400 on the 5...lots of easy round numbers... I think that (a rise to around COMPX 2400) would bump us up against heavy NDX resistence, no? Velo identified 2280 as a good resistence point as well...as it makes sense....lower line of the recent up channel...