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To: Jack of All Trades who wrote (134386)7/14/2006 10:52:32 AM
From: venividivici  Respond to of 209892
 
From what I've read, OI is a less reliable indicator than the volume ratio, FWIW, and the volume ratio didn't expand. Also, notice that if the NDX move from 1761 to 1635 can be counted as a wave 1, the move from 1590 to 1468 is approximately the same and potentially signals the end of a wave 5. I don't know and I've been a bit too bullish this week anyway.