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To: Moominoid who wrote (133105)5/26/2006 11:17:18 AM
From: Henry J Costanzo  Read Replies (1) | Respond to of 209892
 
May not matter at all, David......but on first look at your chart struck by quite disproportionately small waves 4 and 5 of C....in both distance and time travelled............???



To: Moominoid who wrote (133105)5/26/2006 2:17:10 PM
From: skinowski  Read Replies (2) | Respond to of 209892
 
C'est possible...

The biggie support for NDX at this time is the October low. The trendline out of the August 2004 low, interestingly, is crossing right under the minor low of a few days ago (on the log chart). Unless the decline of the last few weeks was indeed a "C" - which I do not expect - that line will be broken on the next move down.



To: Moominoid who wrote (133105)5/26/2006 2:25:23 PM
From: skinowski  Read Replies (1) | Respond to of 209892
 
Speaking of NDX.... it's got to rally or somthin... So far on the daily it's showing one of those ominous "graveyard doji's"... -g.

SPX shows a stick, but SPY is a "hanging man".... -g