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To: the-phoenix who wrote (127751)1/6/2006 2:48:20 PM
From: Win-Lose-Draw  Read Replies (1) | Respond to of 209892
 
I'm leery of cross-market correlations in general, but especially so when the markets being correlated have a variable degree of overlap in the past and an unknown degree of overlap going forward.



To: the-phoenix who wrote (127751)1/6/2006 2:59:44 PM
From: ajtj99  Read Replies (2) | Respond to of 209892
 
That SPX/NDX ratio didn't work well in 2003 either:

stockcharts.com[w,a]wacannay[df][pa1.35!f]&pref=G



To: the-phoenix who wrote (127751)1/6/2006 4:32:42 PM
From: Shack  Read Replies (1) | Respond to of 209892
 
I agree on the (iii) up. Big breakout on the COMP as it is hounding above any potential wedge on the weekly chart, as is the SOX.

Hold on tight methinks.



To: the-phoenix who wrote (127751)1/7/2006 7:48:17 PM
From: venividivici  Read Replies (2) | Respond to of 209892
 
While this is interesting to note, is it really true that waves would necessarily have some inherent relationship to calendar weeks?

$NDX has its longest weekly candle in three years, in a short week no less:

stockcharts.com[w,a]wacannay[df][pf]&pref=G

What does it mean? This feels more like the start of a 3 up than a 5, either that or we are in for one helk of a 5.