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Strategies & Market Trends : Moomin Valley (formerly Troll-free Zone) -- Ignore unavailable to you. Want to Upgrade?

To: William H Huebl who wrote (375)	1/27/2002 7:02:51 PM
From: Moominoid	Read Replies (1) \| Respond to of 2852

I'll need to remember how to compute it.... note that the 200 dma on NDX moved up for the first time right after the recent closing low of 1501.78 on 22 Jan 02. Just doing some forward simulations based on my e-wave count and adding random shocks. Assuming three more waves up (3,4,5) the peak under most shock scenarios just breaches the 400 dma Bollinger Band at right angles and then collapses. Looks probable. All the big 1999-2000 NASDAQ rally was outside that BB, so it makes sense that the bear rally will hit there before failing? David