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To: ajtj99 who wrote (70506)4/4/2003 9:07:45 PM
From: The Freep  Read Replies (1) | Respond to of 209892
 
AJ -- so you no longer feel that we have to fill the NDX gap that we tickled today? (The Naz didn't get into the equivalent gap, but the NDX usually leads). Obviously, I mean fill it sooner, rather than later (i.e. this coming week, not after a big C or whatever)?

I remain totally unsure. I can easily make the case that we gap and go up Monday... or rally hard at some point early in the week. Then again, there were some ugly candles in tech, so I can make the case for some down, too. BKX looks like a three day contracting triangle, and the dow/s+p/oex sure looks fine, despite the broadening top. Hard to aggressively short a market that doesn't like down. Heck, maybe AA (which missed on revenues, I note) will launch non-tech's next wave?
Or maybe it's just Iraq news that can jump us up? Heck if I know, but there's likely to be a good top to short or bottom to long soooooon.

the freep



To: ajtj99 who wrote (70506)4/4/2003 9:24:07 PM
From: bcrafty  Read Replies (1) | Respond to of 209892
 
ajtj, if you want to look at this particular Bradley
chart and say that it's not pointing down right now to the next 4/11 turn, I'm not going to try to change your mind, but I don't see it that way, based on how the Dow has recently tracked it as shown.

boomspeed.com

BTW, John Madarasz, if you're reading this, thanks for giving us the above chart - you've really piqued my interest with this one.



To: ajtj99 who wrote (70506)4/6/2003 8:35:14 PM
From: Justa Werkenstiff  Read Replies (1) | Respond to of 209892
 
AJ: Re; "I disagree that the Brad is pointing down. Personally, I think the turn on the 2nd was a minus 1-day hit on the NDX lows on the 1st, which were a re-test of the March 31 lows. If that's the case, the next turn could be a high...."

I agree with your analysis.