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To: skinowski who wrote (133083)5/25/2006 7:33:54 PM
From: Shack  Respond to of 209892
 
The early returns on the nature of the SPX bounce is it appears strong. But its very early days yet.

But I did grab some CME and FDX today.



To: skinowski who wrote (133083)5/25/2006 11:03:06 PM
From: Moominoid  Read Replies (1) | Respond to of 209892
 
I see in the section of the NDX chart you posted:

Leading Diagonal
Wave 2
Steep wave 3 down
Wave 4 in the last few days.
So I am looking for 5 down.

All of this is likely just 1 of 1 of big C ("brother" to 2000-2002) or 1 of A of some smaller correction.



To: skinowski who wrote (133083)5/26/2006 9:25:12 AM
From: sitkapacific  Read Replies (1) | Respond to of 209892
 
I use the MACD a lot, but when I see a drawn out MACD divergence like that one it suggests to me that the move was quite strong - and that I better forget about the MACD for a while and pay more attention to the trend that's forming.

Just my $0.02,
Brian