4 replies to this topic

[S.I.M.O.N.]

what a beautiful impulse down in the 5min on the ndx/spx today, just perfect so far.

[eminimee]

http://stockcharts.com/c-sc/sc?s=$OEX&p=15&yr=0&mn=1&dy=1&i=p25197650636&a=89308538&r=3239.png

http://stockcharts.com/c-sc/sc?s=$OEX&p=D&yr=1&mn=4&dy=0&i=p23595200900&a=87693315&r=4256.png

[dcengr]

EM, I'm expecting a bounce too.. and maybe too many of us are

[S.I.M.O.N.]

not right away imo, we could thrash around these levels until 25th, possible lower low then rally like your chart points out, maybe another ABC down, today is A, B rally with a C into thursday??

[eminimee]

Wasting time is the plan I think so I agree with the "thrashing inside the flag"...with the rally into the Fed and/or the first few days of FEB.

Edited by Teaparty, 22 January 2007 - 11:54 AM.