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To: Moominoid who wrote (131542)4/2/2006 12:36:29 PM
From: Galirayo  Read Replies (1) | Respond to of 209892
 
[NDX] >> see NDX trend as already down. <<

I'm looking at a Totally Different Chart than you are then. There is some Serious Horizontal Support Bounce going on since the 1634.25 March 1st Low Pivot and Subsequent Accumulation as it rides the 13WEMA 34EMA and 50MA Up Ward. Notice the RSI last month too.

stockcharts.com

It's not in an Up Trend .. Hmmmm ??

It's just Stair Stepping up from one Horizontal to the Next .. .. UpWard. Last Week in March is an Engulfer isn't it with the Real Body low on the 13WEMA ? Also the MACD Histogram is moving up while the Indicator lines look as if they may want to Crossover and Trigger above the Zero Line.

candlesticker.com

PnF has a Target in mind. 1830 ..
stockcharts.com



To: Moominoid who wrote (131542)4/2/2006 1:36:48 PM
From: skinowski  Read Replies (1) | Respond to of 209892
 
The problem is in interpreting what happened since Jan 11. An opening diagonal and a wave 2?

Could be something like on the chart below. In this case, the index should rally tomorrow practically off the bat.

stockcharts.com[g,a]eaclyyay[d20060102,20060314][pb50!b200][vc60][ila12,26,9][j49085868,y]&listNum=1