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ajtj99

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ajtj99

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Re: sylvester80 post# 13016

Wednesday, 11/19/2003 12:11:38 AM

Wednesday, November 19, 2003 12:11:38 AM

Post# of 148479
I'm thinking this big drop to test the 1346 NDX support may be the first leg of a larger 3 or 5-wave drop.

If that is the case, it's possible a move pointed up towards the 50% re-trace level may occur as early as tomorrow or Thursday.

If we are stopped short of the highs, we may get a drop that reverses the drop in the ADX trend strength line. That would be confirmation of a major change in trend, IMO.

Targets for the series could be drop to maybe 1252 NDX, rise to 1307 NDX, drop to 1250 NDX, rise to 1305 NDX, and a drop to 1205 NDX to finish. That's just one scenario.

http://www.investorshub.com/boards/board.asp?board_id=1613
AJTJ's Market Pulse
Do your own DD. Void where prohibited. Observed side effects include darkening of the stool, spontaneous amputation, and death. Rosebud.

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