ZeroFinance,
Sorry for the late reply, as I do not follow all of the daily ups and downs. I fear you see me with a crystal ball, however, in the short timeframes I am more like Mr. Magoo!
As I indicated, I look more in the longer term and fail mirerably in the very short time frames, as evidenced by the 100 NDX point blunder.
However, my model is still looking for a strong decline prior to the year end. I would watch for the break of the rising wedge that has developed from Oct '02. My model seems to be looking for a decline to the 950 NDX area. That number, even typing it gives me the shivers... While my modes are looking that low, an I am personally hedged for that mode, I hope it does not happen. I have seen too many people suffer during this bear.
Anyway, that is my 1.5 cents worth. And now I am sure the market will explode through the rising wedge and you can call me Mr.Magoo!
I wish you well in your trading.
SpeedyG
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