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S&P 500
5,567.19
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1.06%
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US TECH 100
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39,375.87
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techcharter

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techcharter

Re: None

Monday, 02/09/2009 10:44:33 PM

Monday, February 09, 2009 10:44:33 PM

Post# of 51808
NDX E-WAVE Recount Forced

Today the NDX advanced past its January 09 high. The alternative wave count I have is continued complex consolidation from the November '08 lows. Wave C or Wave Y

I would like to point out a top is close as the index climbed on declining volume. The Stochastics have entered overbought, so be on guard. The DAX,FTSE, SPX and INDU have not broken similar resistance, so a large part of the market is still weak.

http://stockcharts.com/h-sc/ui?s=$ndx&p=D&yr=0&mn=6&dy=0&id=p75635173805

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