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

To: ajtj99 who wrote (116205)	4/7/2005 8:06:45 PM
From: Shack	Read Replies (1) \| Respond to of 209892

Just for fun... I am not one to predict day-to-day stuff but in this case I have to disagree. Not sure about the NDX but I think if we get above SPX 1993 or so, the TA tells me we will likely be in a major impulsive up and could close above 1200 tomorrow. However if we pop a bit and begin to die I think we head down very hard in a fresh impulse. Essentially I have that index on the verge of a 3 up or a completion of the ABC off the lows. BTW, your ELX is really moving now. Over 20 after hours.

To: ajtj99 who wrote (116205)	4/7/2005 8:22:06 PM
From: Galirayo	Read Replies (1) \| Respond to of 209892

I don't know about all the other markets, AJ .. they end up doing as they want anyway. They have been exhausting to say the least. I do think that the SOX will continue up tomorrow .. find R near 420ish and hold or maybe break thru that 420 area. That is a nice Tower Bottom or Rectangle the SOX is in. ttrader.com Crude traders will dig in before the weekend and go long till Monday just in case something unexpected happens. Then hopefully crude sells off before another build Wed. Which gives the rest of the markets a much needed rotation even if crude dollars just go into the USD. My last guess was crude at 46 / 47ish. We have a lot of Oil now in storage .. and more on the way. The wrench could be the SOR ? ... Strategic Oil Reserve. Hope the Gov does not decide to add at this price .. it would be a double whammie. Bad Timing and Our Tax Dollars at Work. Just Thoughts. Ray