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To: skinowski who wrote (123462)8/30/2005 11:24:20 AM
From: morokko65  Read Replies (1) | Respond to of 209892
 
I think the NDX decline out of early August is only 50-60% done:

stockcharts.com[w,a]waclyyay[pb65!d20,2][vc60][iUb14!Lp14,3,3]&pref=G

$NASI is a slower indicator, but I think we could see NDX 1520-1540, and SPX 1175-1183.

My more bearish targets are NDX 1480+- & SPX 1135+-, but we will see how near term support behaves.

$NASI has been a good indicator for a USPIX-UOPIX straddle (4-6 month swing trades...)



To: skinowski who wrote (123462)8/30/2005 4:05:13 PM
From: Shack  Read Replies (1) | Respond to of 209892
 
Man, if this market is turning it is taking its sweet time. SPX made a very marginal new low but the SPY's did not, nor did tech nor the DOW.

Daily charts are inconclusive now. $RUT has the most constructive wiggle pattern for the bulls.


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