ajtj99's Market Pulse

[ajtj99]

Good grief, I put my sell order in last night to hit around NDX 1412. I expected it to hit this afternoon, but it looks like I might be out by 11:00AM. Wow.

Some resistance on the daily here on the mid-tine down fork:

http://stockcharts.com/def/servlet/SC.web?c=$ndx,uu[g,a]daclyiay[d20031202,20041228][pc9!c13!c20!d20...

Looking at the NDX 60-minute chart, it appears 1408 may be the top of the iii of 3 off the lows yesterday. A drop back to 1403 for the iv of 3, and a move up to 1412 for the v of iii. A drop back to 1403 for the wave 4, then a rise to finish wave 5.

In other words, we've probably seen 90% of the move up here from yesterday's lows.