Edited by dcengr, 18 January 2007 - 03:26 PM.
Still think NDX is accomodating baby cramerites
#1
Posted 18 January 2007 - 03:22 PM
#2
Posted 18 January 2007 - 03:54 PM
believe it or not the decline in the ndx from the top @ 1847 could be a fractal representation of the coming decline on a weekly basis, drip,drip, flood....But this does look bearish. Unfortunately, theres a ton of bears right now, especially with cramerites all shorting/selling today.
#3
Posted 18 January 2007 - 04:06 PM
#4
Posted 18 January 2007 - 04:13 PM
todays decline in the ndx looks like a deep 4th wave retracement in a ending diagnal with a 5th to come tomorrow to burn the cramerites(did i spell that right ), flat 4th in spx/dow, therefore the divergence in the amt of decline, if 5th wave in ndx is equal to wave1 then ndx could rally all the way back to 1850, would'nt that be a surpriseIf that was the 5th for this leg which could be the 5th for the bull market, then we could have a helluva decline
But we'll see how it goes day by day.
#5
Posted 18 January 2007 - 04:16 PM
todays decline in the ndx looks like a deep 4th wave retracement in a ending diagnal with a 5th to come tomorrow to burn the cramerites(did i spell that right ), flat 4th in spx/dow, therefore the divergence in the amt of decline, if 5th wave in ndx is equal to wave1 then ndx could rally all the way back to 1850, would'nt that be a surpriseIf that was the 5th for this leg which could be the 5th for the bull market, then we could have a helluva decline
But we'll see how it goes day by day.
Possible that we get a shallow A down, and a B up with Vista before end of this month is over.. plus Fed rally.