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To: The Freep who wrote (129158)2/7/2006 1:35:00 PM
From: skinowski  Read Replies (1) | Respond to of 209892
 
In this post I kicked around a few relevant numbers, fwiw.

Message 22135932

On NDX, we are close to 50% takeback of the Oct rally... also, of the Jan 3 low - and the area where 2 large legs of the Jan 11 decline would be equal. Also, there is old horizontal support.

Wiggle-wise, this time around waves seem to be even more in the eye of the beholder than is usually the case... but I have no particular problem seeing the decline since late Jan as being in its later stages... aka the 5th.



To: The Freep who wrote (129158)2/7/2006 1:36:47 PM
From: skinowski  Read Replies (1) | Respond to of 209892
 
Brutal decline in oils. Market giveth -- and taketh.



To: The Freep who wrote (129158)2/7/2006 1:55:12 PM
From: Henry J Costanzo  Read Replies (1) | Respond to of 209892
 
Meanwhile........over in the non-wiggle world........nothing of much interest to report. We're looking at things like the last important lows Dec 30-Jan 3..All of the broad indexes are safely above those lows.as are several narrow sector indexes/ETFs ...(including even Google-ravaged DOT and HHH)......And things like RAV, RUT, SML, and MID continue living in a different world where thoughts of "breaking lows" seem like utterly alien concepts........LOL