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To: Moominoid who wrote (134243)7/11/2006 5:17:13 PM
From: skinowski  Read Replies (1) | Respond to of 209892
 
(I think wave 4 of the NDX decline)

-- I see what you mean. You think that today's bounce is something like 4 of 1 of 5 (counting since January)? Or 4 of 5? Or, part of "C" of the <larger> 4th wave (since the June low)?

I probably would be most comfortable with the last version.

The rally from today's low was probably an impulse (and it felt and acted like one), complete with a W2 retest at 1 pm. Sideways action tomorrow would not be surprising.


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