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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: Moominoid who wrote (131541)	4/2/2006 1:04:41 PM
From: Shack	Read Replies (1) \| Respond to of 209892

This analysis whereby one takes one's FA and then works back a count to support it is not only flawed, it is verbotten on this thread. Y'all need to preface this stuff as OT because it really ain't sound TA. We all know a count can be put forth to support any view I think that in NDX it could already have started As for the idea that that the NDX has started a correction??? That runs smack in the face of what has happened on the COMP which has hounded up out of the big weekly ED and looks headed for a number with a "3" handle to me, at the very least I see no resistance on the COMP chart until 2900. And trust me, that is not my FA view....that is only what the charts are saying to me.