Replies to post #23313 on ajtj99's Market Pulse

[ajtj99]

If the NDX closes above the rising support out of the 795-947 lows, you may have a case for a iii of 3. I think it's likely to be a iii of 5:

http://stockcharts.com/def/servlet/SC.web?c=$NDX,uu[h,a]daclyyay[d20030202,20040402][pc9!c13!c20!c50...

I know you can't see this chart, so just visualize the rising support on the NDX, as it's right about where we stopped today at the highs.

200-EMA on the NDX weekly is at 1512 next week also, adding another reason to stop at 1512:

http://stockcharts.com/def/servlet/SC.web?c=$NDX,uu[h,a]waclyyay[pc9!c13!c20!c50!c100!c200!c150!b200...

Volume this week was down from last week's, so if we're in a iii of 3, shouldn't the volume reflect that in the 2nd week?