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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?


To: anon who wrote (84494)6/24/2002 8:01:52 PM
From: ajtj99  Respond to of 99280
 
anon, are you sure that's the top 10 bookmarked or top 10 ignored? <G>. I think several here were in the top 25 bookmarked in April, but I have no idea what it is now.

You have forecasts. I just have rambling thoughts that are coherent if you use the Google translator.

Anyway, if I had used e-wave today, I'd have probably nailed the bottom today. Take NDX 1055-1163=-108. 108 x 1.382 = 149
NDX 1163-149= NDX 1014 (today's low).

I was waiting for NDX 1001 or NDX 989, the 1.50 and 1.618 targets. However, if I'd have watched the clock I would have been able to see time was running out for another low.

Since I only expected a 40-60 point bounce, I wasn't that stressed into getting the bottom. I had an order in to sell some puts that missed filling by a dime. When it didn't fill, I just went back to work.

Anyway, I think this is going to be boring the next couple of days. The low and high today could be the anchors for a big bear flag during the Fed meeting, IMO. We should get a nice swift move down when the meeting is over (2:15PM Wednesday?) to break the flag.