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To: At_The_Ask who wrote (57639)10/24/2002 3:09:17 PM
From: Shack  Respond to of 209892
 
Yes it does, I don't think its an Elliott ED but its definitely a wedge and classic TA says we will head back to its near its beginnings (1229) should we break it.

For short-term bulls, the worst thing it could do would be to close within the wedge and gap down out of it.



To: At_The_Ask who wrote (57639)10/24/2002 3:35:06 PM
From: Shack  Read Replies (2) | Respond to of 209892
 
NDX broke its half-assed wedge already, I wonder if they can save the COMP wedge for the day. This is setting up very ugly in the short-term. I am still riding yesterday's late day NQ short and will not be doing anything but adding if they can give me a late ramp.