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

To: the-phoenix who wrote (4884)4/25/2006 12:19:34 PM
From: skinowski  Read Replies (1) | Respond to of 41477
 
NDX/COMP not only retraced .786 of the previous week rally, but did it in a pretty clean impulsive move... so far... - unless it morphs into something else.

SPX also traced out an impulse from 4/21... which, of course, was a lower top. THe decline since April 7 may yet prove to be a correction. Too early to call a top... need more evidence.

Agree that the 4/17 low is important. A fall below that level would likely cause a lot of selling.



To: the-phoenix who wrote (4884)4/26/2006 7:07:55 PM
From: venividivici  Read Replies (1) | Respond to of 41477
 
I unfortunately have to agree that we're showing more signs of continued down than up, at least on the NDX. Still long, but freakin' nervous about it more than usual. Other indices look reasonably good, though. It's just the NDX that looks like it can't get a good bid.


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