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Strategies & Market Trends : CFZ E-Wiggle Workspace -- Ignore unavailable to you. Want to Upgrade?


To: ajtj99 who wrote (3655)7/7/2003 9:05:39 PM
From: The Freep  Read Replies (1) | Respond to of 41500
 
AJ -- I dunno about your targets, but it seems to me you like that final one a lot since you're anticipating a failed 5th! How you can do that (or even anticipate a 1.618*wave 1 wave 3) is either a testament to your TA skills (far superior to mine) or just making a best guess roadmap. In either case, here's something I think sorta helps the shape of your call, if nothing else.

Now, I admit maybe this is just me squinting too hard, but the move off the 1180 low looks a fair amount like the move on March 12th that started this whole mess.

stockcharts.com[h,a]daclyyay[pd20,2!c20!f][vc60]&pref=G

Ya, it's not an exact parallel, but today we do have the big candle with a close at HOD that is above the bband, 4 days after a reversal on a spike to the lower band.

We'll see if similarities persist...

the freep



To: ajtj99 who wrote (3655)7/7/2003 9:07:59 PM
From: the-phoenix  Read Replies (1) | Respond to of 41500
 
FWIW, Big Picture, A=C on NDX is at 1299 and 1.618B=C at 1290.

And of course the COMPX hit the .618 retrace of the January to October '02 drop at 1720 today.