Replies to post #28449 on Short Term Trading Member Forum

[willieintheno]

Fair enough: I’ll keep the ABX on the scope…

while researching market activity.


My wave count:

NDX ( I trade thru QLD ) is finished or about finished with 5 waves up from 1,943.27 (September 10, 2007).
Assuming 2,076.83 is the top, I expect a drop to at around 2025.81 (.382 drop) and possibly to 1974.79 ( .764 drop).
Will start scaling in at 2025 and be fully long well before 1974.

Willie

[euterpe1]

TC,

What is the symbol? I don't get anything for $abx.

[MetalFillBoy]

RE: techcharter: ABX index.

Hello tech!

Thanks for sharing this index with the group. From the look of it, this is just tracking mortgage backed securities. I currently own a high yield bond fund (HYF) that has no mortgage component to it, but is made up of primarily BBB rated bonds. Here is a link to info on the fund:

http://www.etfconnect.com/select/fundpages/global.asp?MFID=32517

Is there a similar index that tracks these type of bonds?

Thanks in advance!