Big Change

The 143 period is unresolved because it's components
are scattered. Still danger out there if we get a week up here.
If we get a few days up with some large components bottoming
and small components peaking, the next low is medium term with
the 48 day low in 7 to 11 days from now.

It looks like that Oct 6 week to Oct 13 is the most risk.

I'll take any advantage next week to exit and reset Oct 6 week to Oct 13.

Still danger out there if we get a week up here.

That's exactly what I see too. A move up to resistance around 1230-1250 is a good short, for a retest of the 1165-1180 range (which is definitely in the cards). Any larger move up will come from lower levels (than Friday's close) imo.

Bullz are not out of the woods, and too many anxious about missing the next bottom.

Edited by beta, 27 September 2008 - 11:15 AM.

I'm also entertaining an a-e triangle in the NDX, with final low Dec 15.

Fitting this cycle could be up-down-up D to the downtrend line, end of Oct,
final low Dec 15.

Still danger out there if we get a week up here.

That's exactly what I see too. A move up to resistance around 1230-1250 is a good short, for a retest of the 1165-1180 range (which is definitely in the cards). Any larger move up will come from lower levels (than Friday's close) imo.

Bullz are not out of the woods, and too many anxious about missing the next bottom.

VERY INTERESTING! that's the bradley date, thanks.

I too think the week between 6 and 13 october could be good for an IT low.................but 1120-1130 sp.............. more than 1180. Election rally soon after to 1320 ................then the last leg of the bear........to a low somewhere in dec or jan.

That dip to Oct 13 has been present in every view, the chance is the 143 influence is negative.
But it could be a higher low. I'm being respectful of these things.

I too think the week between 6 and 13 october could be good for an IT low.................but 1120-1130 sp.............. more than 1180.
Election rally soon after to 1320 ................then the last leg of the bear........to a low somewhere in dec or jan.