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Pastimes : Ask da_cheif -- Ignore unavailable to you. Want to Upgrade?

To: Chip McVickar who wrote (6601)	10/31/2001 7:09:16 PM
From: Moominoid	Read Replies (1) \| Respond to of 8150

The first of those counts is the Prechter one and the second is da_cheif's one. But most of the dudes on SI seem EVEN MORE bearish. On the basis of the other TA I use I would have to think they are wrong and one of those two counts is correct. I'm now looking at a very interesting indicator. I've found that the News Corporation tracks the overall NASDAQ index very well and that thi shas been getting better recently. The interesting bit is that I am looking at the trade here in Australia, which takes place before the US trading. And it doesn't seem it correlates much with the Globex futures. It seems to be a better predictor of NAS action than Globex is.... News (NCP.AX, NWS) is my trading stock.