Short Term Trading Member Forum

[airedale88]

NDX chart using tinyurl. this is a weekly NDX chart with two FLD price projection lines for the nominal 20 and 40 wk cycles. the downside break of the red (20 wk) fld from the january high gave a price projection down to NDX 1375 area and was quite accurate. a move down to that 20 wk target also suggested the green (40 wk) fld would be broken, which it was. that suggests a move to the 1285 area (+/- 10% of the total move). prices however moved up off that march 20 wk low and crossed back above the green line, putting that projection as possibly false. the selloff into may again created a downward break of the green line, targeting the same area. if my analysis is correct and we are headed into an important 80,40,20,10,and 5 wk nest of lows (all these cycles bottoming at the same time) the next fld line to watch will be the 80 wk fld.

so much for trying tinyurl. LOL. here's the chart in gif format, let's see how long before it mutates to something else.