Justa, the bounce yesterday at the lows at the mid-tine of the red fork shown on this NDX daily chart would seem to support that view: <A HREF="http://stockcharts.com/def/servlet/SC.web?c=$ndx,uu[h,a]daclyyay[d20031202,20040728][pc9!c13!c20!d20,2!c50!c100!c200!c150!b200!c125!c175!f][vc60][ila4,9,5!lh5,5!li10,10!lp14,3,3!ll4!lo14!lb14!le5,10,1!lh89,34!lh45,17!li180,68!lp3,2,2!lb5][j11436881,y]&listNum=1" target="_blank">http://stockcharts.com/def/servlet/SC.web?c=$ndx,uu[h,a]daclyyay[d20031202,20040728][pc9!c13!c20!d20...</A>