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To: skinowski who wrote (252)11/30/2005 10:45:33 PM
From: hawkeyefan  Respond to of 656
 
I didn't buy anything today. It was one of my cycle days but felt uncomfortable going any "longer". I was away from the markets today.

But I was checking hourly charts tonight and it looks like the NDX should have been bought on the close. Looks better than the SPX---at least to me.

EW wise-- doesn't it look like on the hour charts there could be a rally here. But it looks very probable that there is one more down leg to come. Looks more that way on SPX than NDX.
The NDX correction could be over but it doesn't have to be.
Drives me crazy.

The market never pays attention to what I think anyway.



To: skinowski who wrote (252)11/30/2005 11:09:27 PM
From: hawkeyefan  Read Replies (1) | Respond to of 656
 
I guess I was thinking if qqqq took out 41.50 right away
we should scoot right up. But would have to wait and see
how the rally unfolds---3 or 5 waves. Does this make sense
or do I just think I know what I am doing?