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Strategies & Market Trends : CFZ E-Wiggle Workspace -- Ignore unavailable to you. Want to Upgrade?

To: skinowski who wrote (4601)	2/9/2006 8:34:06 AM
From: skinowski	Read Replies (1) \| Respond to of 41475

EWI/EW talk... mostly SPX: Message 22147721 NDX -- 1695 seems like an important level. There is considerable horizontal S/R... NDX at that time would be slightly above the 62% retracement level of the recent leg down (since late January)... and this is where today we have the extention of the line connecting the two Jan tops. If NDX moves above 1695, that should serve as a serious heads up for bears. SPX doesn't have a level quite as clearly defined... but 1275 is the ~62% retrace. Check EWI intraday free week. Those guys do waves all day for sale. Can always learn a thing or two.