Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: skinowski who wrote (4780)	3/9/2006 10:19:11 PM
From: venividivici	Read Replies (1) \| Respond to of 41464

The SOX might be in a iv of 1 of C. I think that would fit with what I see in the NDX, which is that we're about to go into a 2 of C. We rally tomorrow and maybe into Monday to complete the 2 of C in the NDX and the iv of 1 (an abc flat) in the SOX, ending around today's high. This would assume that the SOX will then bottom later than the NDX, which seems reasonable at this point. You know, right now the NDX 'C' is looking bigger than the 'A' off the Jan. 11 high. The 1 of A was 2.6% down off the high, but the 1 of C is 3.7% down off the high so far. A Fib-based target I calculated tonight measures to 38.14 QQQQ, which is another 5% down. If we're already in the middle of the 3 of C down in the NDX/QQQQ, it projects even lower, 37.92 QQQQ Just for kicks, here's the way that projects: Up from after hours low of 40.35 to 41.37. Down from there to 38.69. Up to 39.71. Down to 38.14.