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To: Henry J Costanzo who wrote (134099)	7/5/2006 11:34:08 AM
From: The Freep	Read Replies (1) \| Respond to of 209892

Same pattern I was talking about exists on the Naz itself, but it "looks more likely" on the NDX. Today's Naz low might even mark a little tiny itty bitty overlap with the purported 1 up, thus meaning that your count of this being a ii of 3 is the best hope for the bulls. Otherwise, we're in some mess or another. Non-tech could be read the same way, though looks way better, obviously.

To: Henry J Costanzo who wrote (134099)	7/5/2006 11:37:53 AM
From: skinowski	Read Replies (1) \| Respond to of 209892

NDX tends to be more emotionally charged... picks up well the public mood. Maybe that's why it tends to lead those more soggy indices. Besides, I can think of a few personalities who make a big thing (and good money) out of analyzing not even narrow indices - believe it or not, they're actually doing it on individual issues... ;)

To: Henry J Costanzo who wrote (134099)	7/5/2006 12:04:58 PM
From: Moominoid	Respond to of 209892

Delete duplicate

To: Henry J Costanzo who wrote (134099)	7/5/2006 12:07:31 PM
From: Moominoid	Read Replies (1) \| Respond to of 209892

SIers are into tech stocks and it had a futures contract and an ETF. Looking at this: stockcharts.com It is hard to be convinced that this is merely a 2 of 3 today and not the end of an ABC correction up from the mid-June low. My model (which models NDX) stopped out. I probably should have just reversed to short but went long for a daytrade about 20 QQQQ cents below that but think I will go short at the end of the day at this point. My forecasts are a bit ambiguous. One is negative and one positive :) But the positive one does use as current data and goes negative by Friday. The indicator I am modeling (not the one posted) should increase still today, so from that respect the model was correct for today LOL.