that's funny, one of the EW gooroos at Stockchart had this to say (theres something about the Nikki gaping down and armagedon...
02-17-05 AMC All that is left is to see tonight if the NIKK Gaps down! With two complete we should have started a very nice decline from here, once the COMPQ passes south of 1986 we will be assured Armageddon is upon us as third waves are the strongest in terms of percentage gains/losses. In this case the decline will be a 3 or C depending on wether you are a bull or a bear. The FTSE has a nice shooting star and arrives in extremely over bought conditions so bulls beware. With Japan and Germany the worlds second and third biggest economies in the tank it is reasonable to assume world markets are headed for trouble.
02-16-05 AMC The NYA and Dow both have clear negative divergence headed into the close today. I am not happy with the Dow's inability to reach 10880 or higher through the course of the day, but as we all know formations do not necessarily need to complete. The NDX is sporting a Bearish harmony suggesting the potential trend reversal is at hand. All eyes seem to point down at this time suggesting regardless of how we open we see selling set in very early tomorrow. The NIKK seems to have formed a nice Island in the ski and needs only a gap south to complete the formation. Will it Gap down tomorrow in response to hearty declines on the US markets?
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