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To: skinowski who wrote (132362)	5/4/2006 8:12:06 AM
From: the-phoenix	Read Replies (1) \| Respond to of 209892

Your observations match up with what my favorite indicator is telling me here. NDX/SPX ratio has reached that band of support that has led to a bounce every time it has been touched since last summer: stockcharts.com It's possible that the ratio could rise with a falling market, but that pretty much doesn't happen.

To: skinowski who wrote (132362)	5/4/2006 10:05:41 AM
From: cybersaavy	Read Replies (1) \| Respond to of 209892

Note that ASEI appears so far to have advanced in 3 waves on lightish volume after dropping off the recent high while Vol. by Price suggests real support resides in the $70 area. stockcharts.com cs