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

To: Moominoid who wrote (31088)	2/14/2002 7:42:19 AM
From: AllansAlias	Read Replies (3) \| Respond to of 209892

Since (a) leading diagonals are so rare and (b) the wedge is being formed after a strong push, it is much more likely that we have an ending diagonal beginning from your 'iv' label. The alternative is that it is not an Elliott wedge at all. The target for the ED to turn back is around NDX 1507. Any gap up this morning will pop NDX out of its down channel out of Jan 9. COMPX will do the same on any gap more than 5 points. This is normally a very bullish setup. If it's an ED, we would have to get a breakout failure.