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To: skinowski who wrote (4376)12/15/2005 10:34:55 AM
From: the-phoenix  Read Replies (1) | Respond to of 41432
 
I had the impulse done (five waves up) yesterday, and I think we are in the '2' now, per the scenario outlined in this post:

Message 21971707

So far, SPX has only retraced .382 of the impulse, while NDX has retraced .618.

Either NDX is in the '2' or it did not make an impulse, as it has now overlapped the 'i' of the "impulse".