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

To: tjkong who wrote (132960)	5/21/2006 7:21:47 PM
From: Henry J Costanzo	Read Replies (1) \| Respond to of 209892

NDX.....Thanks, tjk.. <<.....a drop to the trendline at 1550, but if we drop that far I think the NDX wedge comes into question.....>> O's view and mine seem to pretty much coincide...and I wouldn't see any problem arising from "the NDX wedge". On Thursday, I posted: <<.....Depending on C to A relationship, could be looking at pullback to 1574, 1559, 1544......compared to 1587 low today, and 1550ish TA support. Looks like the cards are getting stacked around 1550...>> Also, I raised on Friday question of possible overperformance here by SOX . IF so, and IF shared by other techs, could lead to relative strength NDX preceding broader market turn ???