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[SemiBizz]

Posted Yesterday:

NASDAQ LONG ABC DOWN
A2508
B2422
C1-2454 (.382)
C2-2465 (.50)
C3-2475 (.618)
We've stopped short of a .50 retracement. I suspect we may see that 2465 though before the day is out. Now we're still going back up on substantially less volume that we went down on, which is confirmation that the ABC down is still in effect. However, note that there is some quality of volume reflected in the fact that the volume is stronger going up today than it was yesterday. I don' think we're going to test the highs now without a trip back to that all-important 2454.

LONG ABC DOWN - C pt 2470.
A 2508
B 2422
C 2470
D 2384 (target)

http://bigcharts.mar...&mocktick=1.gif

Edited by SemiBizz, 25 January 2007 - 03:29 PM.