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To: venividivici who wrote (121338)6/30/2005 4:23:41 PM
From: Shack  Read Replies (2) | Respond to of 209892
 
I think the other charts look sick enough that we go lower. Even if we moved up from here I now think it would be part of a correction. Heck, the NDX retraced all of its boucne already.

At this point, looking at the NDX, I think that bullish abc off the recent highs is morphing into an abcde. The bearish alternate is a meaty down wave.

Congrats to the MMM shorts (which I think may just be Freep)! Nice day for y'all.