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To: JRI who wrote (15165)10/1/2001 9:48:08 AM
From: AllansAlias  Respond to of 209892
 
I can not see the NASDAQ correction ending now, whether or not 1475 is taken out. Off the lows I see up/down/half-an-up.

One of the things going into this day that I am keying on is the structure in SOX. It had a spike run and then a bullish looking consolidation. I am on guard for the brother leg to complete the rally there

There is hard resistance at 390, as well as being the level where the Elliott pattern for continued down would be violated.

NAPM reaction will be key. Expectations are low, but are they low enough?