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was Steve

02/12/04 12:19 PM

#16686 RE: RCKS #16684

well actually it was a lower top. ndx topped on jan 20th. we sold down to 1460 which was in my 1450-1475 target for pullback. then bounced to 1516 which was 6 points higher than my 1500-1510 range for the boucne. next leg is to take out 1450 ndx with a possible hit of 1400 after getting thru the wall of support at 1450. i posted this entire scenario in late january and mr market has been kind enough to follow it almost to perfection.