I just did Fib on NDX using Sept.2001 lows and april 2002 highs and see the January 2004 highs fell just 2 points short of April 2002 highs.
Just now had strategy session with my broker(he is a EXCELLENT broker--classA)
We are waiting into next week , but we are both now looking to 2-1 short positions with a stop loss.
That NASD top is in for the year, very likely. And SPX might just get a touch of its last high.
We both feel the smart money has flashed their 6-month signal.
I have looked at 2001 and it did have one last push before a huge sell-off starting 5/23/2001.
I am looking to short both SPX and NDX.
He played his video game night and day.
The MAZE of Death.
But that is the game we all are in, the trick, don't believe it.Get above it all and imagine nothing is what it seems.Kill the machine.otraque