Replies to post #42 on Plus 100 Indicator

[ajtj99]

I guess what I'm saying is that I don't expect a higher high than today. If we open down and test NDX 973, I have no problem with a bounce. I just think we may have seen our highs this week, that's all.

[ajtj99]

Larry, you could make a case for a 50% re-trace off the high of the engulfing candle, but the odds are not good for any more than that.

With NDX 1002 a very key level, a 50% re-trace to there would put a low at possibly NDX 980 tomorrow AM. That's also a test of the 1300 COMP low from last Thursday. We'll see if that happens.

Otherwise, a .382 re-trace to 1002 would put a low around NDX 966 (doubtful).