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Re: Fox13 post# 91143

Friday, 11/20/2009 12:58:29 PM

Friday, November 20, 2009 12:58:29 PM

Post# of 385479
Thanks, Fox. As usual, your sophisticated system is way too smart for me. Like Dan, I use very simple 5-min and daily charts. They're telling me we'll probably have one more NDX bottom today and that we'll start up again on Monday. But they're also telling me the downtrend that started with the highs of 11/17 isn't over yet. The funny thing is that my daily charts suggest strongly that the NDX/Qs topped on that day and may have seen the highs of the year. However, my charts also suggest strongly that the INDU did not top. Which implies to me, at least, that the NDX may only do a double-top during the next run-up (Dec.) and the INDU may achieve its high for the year next month. JMHO. Two
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