3 replies to this topic

[colours]

Here's a chart of the NDX showing where it's been and a projection of the ongoing correction . The projected trading low should precede an incredible rally . I am estimating the low for the NDX at 1750 and that will be intraday not closing . I look for a selloff into options expiration and then the rally . Here's the chart :

http://charts.dachar.../NDX Daily1.png

Here is a closeup of the current correction :



http://charts.dachar... correction.png

[esther231]

Your chart is great. Much thanks.

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

Here's a chart of the NDX showing where it's been and a projection of the ongoing correction . The projected trading low should precede an incredible rally . I am estimating the low for the NDX at 1750 and that will be intraday not closing . I look for a selloff into options expiration and then the rally . Here's the chart :

http://charts.dachar.../NDX Daily1.png

Here is a closeup of the current correction :



http://charts.dachar... correction.png

i am not a ewave expert by any means, but in your 5 wave impluse, wave 2 and 4 both appear to be irregular flat corrections. This is the main problem i had with this count when i labeled it this way a few months ago.
Fwiw, i have the current correction in the ndx from the jan16th high as a 1,2..1,2 with a 3 down about to begin, if this is the case then ndx will slice thru 1750,1731 with ease, jmho

[colours]

Here is a 1/2 day (195 min chart) of the $VIX . It looks to me that a decline is imminent.

Here's the chart :

http://charts.dachar...7-02-02/VIX.png