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

To: At_The_Ask who wrote (31437)	2/17/2002 7:11:50 PM
From: Moominoid	Read Replies (1) \| Respond to of 209892

On NDX there are possibly 5 waves complete down from the 6 Dec high. On COMP we are in 4th from Jan high. This wave needs likely a C wave still though. So the critical juncture is how far the next up flies - will it overlap wave 1 on the daily close chart. If so the bearish case then will be in real trouble. On NDX unless wave 5 from Sep 21 is more than truncated (and I think 6 Dec is wave 5) we should now in the bearish scenario be in corrective wave 2 - hence again some more up here is to be expected. Part of my bullish case is the fact that the COMPX makes a new high in Jan and NDX does not. If both are on the same count the most likely explanation is that it is a B wave. That seems more likely than the 5 falling short. Especially as the mnove up to the Jan high looks more like 3 waves to me than 5. The intraday peak which looks like wave 5 is more likely wave 2 of the down IMHO (though this breaks conventional e-wave). Otherwise I only have 7 waves down to mid-late Jan unless I use a lot of imagination. siliconinvestor.com siliconinvestor.com cres.anu.edu.au David