Yes, but more if it comes from a lower level or close to 50. The NDX full stochs on this chart are nearly at 80, so it's not that big a bullish thing for the NDX: <A HREF="http://stockcharts.com/def/servlet/SC.web?c=$ndx,uu[h,a]daclyyay[d20031202,20040625][pc9!c13!c20!d20,2!h.02,.20!c50!c100!c200!c150!b200!c125!c175!f][vc60][ila4,9,5!lh5,5!li10,10!lp14,3,3!ll4!lo14!lb14!le5,10,1!lh89,34!lh45,17!li180,68!lp3,2,2!lb5][j11436881,y]&listNum=1" target="_blank">http://stockcharts.com/def/servlet/SC.web?c=$ndx,uu[h,a]daclyyay[d20031202,20040625][pc9!c13!c20!d20...</A> The SOX is more or less the one with the full stochs turning up close to the 50 level: <A HREF="http://stockcharts.com/def/servlet/SC.web?c=$sox,uu[h,a]daclyyay[d20031202,20040625][pc9!c13!c20!d20,2!h.02,.20!c50!c100!c200!c150!b200!c125!c175!f][vc60][iLa4,9,5!Lh5,5!Li10,10!Lp14,3,3!Ll4!Lo14!Lb14!Le5,10,1!Lh89,34!Lh45,17!Li180,68!Lp3,2,2!Lb5]&pref=G" target="_blank">http://stockcharts.com/def/servlet/SC.web?c=$sox,uu[h,a]daclyyay[d20031202,20040625][pc9!c13!c20!d20...</A> This sure looks like a 5th wave up just started on Friday on the SOX.