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Post# of 148479
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ajtj99

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ajtj99

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Re: positiontrader post# 68180

Friday, 12/30/2005 11:59:51 AM

Friday, December 30, 2005 11:59:51 AM

Post# of 148479
NDX tagged the falling support line out of the highs today, but the rising support out of the Oct. lows has not been tagged. We could hit it Monday on a re-test or today on a thrust down intra-day.

http://stockcharts.com/def/servlet/SC.web?c=$ndx,uu[e,a]daclyiay[pc9!c13!c20!d20,2!c50!c200!b50!b200...

I think the recovery out of this low will be a re-trace rather than a full-fledged move to take out the highs. 1687 NDX is the level I'm watching for that. If the SPX gives up 1245, it could move swiftly to 1230. I don't anticipate that here with the daily charts pretty oversold.

http://www.investorshub.com/boards/board.asp?board_id=1613
AJTJ's Market Pulse
Do your own DD. Void where prohibited. Observed side effects include darkening of the stool, spontaneous amputation, and death. Rosebud.

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