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To: tjkong who wrote (143786)4/20/2007 1:22:38 PM
From: hawkeyefan  Read Replies (1) | Respond to of 209892
 
Well, I wanted to short but I am gun shy right now.

Using March 5 as day one, it was the low for the NDX, days 1,5,8,13, and 21 have all been turn days. Today is day 34.

Since day 21, we have had three days where the NDX gapped higher. (three gap play marking exhaustion)

This will probably mark a top because I can't get myself to short today.



To: tjkong who wrote (143786)4/20/2007 2:55:22 PM
From: rcksinc  Respond to of 209892
 
tj
Here is the chart that looks the most ominous in terms of potential down ahead, the NDX which has a fat black candle which has traded lower since the open.

stockcharts.com

And the Compx doesn't look much better.

stockcharts.com

And now that all of the Major Indexs have made higher highs is a decline forthcoming?


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