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ajtj99

02/10/04 6:38 PM

#203022 RE: qwave #203012

Yup, I did do some wiggling the past couple of weeks. Basically, as long as we do not take out NDX 1519 to the upside, we could still be in a downtrend. If we take out 1519, we should make new highs. If we take out NDX 1479, we should take out last week's lows and dump to some of the targets Zeev's mentioned. That's just basic e-wave.

Near term, there's an inverse H&S that measures to around NDX 1516 that's still in play, and there are other bullish formations. If we move up to NDX 1516, we could still dump afterwards.

If I'm chicken, maybe I'll sell 1516 and buy 1522 NDX if it occurs (or buy the pullback).