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 : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: the-phoenix who wrote (130598)	3/12/2006 10:00:21 AM
From: skinowski	Read Replies (1) \| Respond to of 209892

worried that what we may have seen the last two days in $SPX was a complete ABC zigzag correction and we could head down hard this week Yes. And yet, Friday's action set up a possibility that the second impulse up (of the zigzag) may have had a wiggle Flat correction, and may be heading up... which would imply a(n almost) non-wiggle advance. Tomorrow will be interesting in this sense.

To: the-phoenix who wrote (130598)	3/12/2006 10:02:25 AM
From: the-phoenix	Read Replies (3) \| Respond to of 209892

Here's a little Bull Fodder As I've posted a few times before, I trade off of extremes in the NDX/SPX ratio. At Friday's close, this ratio was at its lowest level since last September - 1.289. Here are the results from the previous conditions where this ratio reached this level: 9/28 1.289 - NDX up 48 points in next three days 10/12 1.293 - NDX up 60 points in next ten days 2/22 1.289 - NDX up 46 points in next three days 3/10 1.289 - NDX ? While this ratio went lower than this prior to last Fall and has been trending down since the extreme high at the January top in the NDX, I believe the odds favor a bounce in tech here, and relative strength versus non-tech for at least a few days.