ndx
Started by
fauxpas13
, Mar 04 2007 03:24 PM
3 replies to this topic
#2
S.I.M.O.N.
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- Traders-Talk User
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SIMONForecast
Posted 04 March 2007 - 06:18 PM
thnks for sharing your counts, FP
the decline you mention into opex would be an extended 5th wave?
*previously known as pnfwave
#3
fauxpas13
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Member
Posted 09 March 2007 - 06:54 PM
pnf...I was at time thinking an ending diag affair however bottom calling totally dried up sincewith with everybody and their brudder joining the short bandwagon for the inevitable retest if not a myriad of other reasons...while longs exited first bounce and puts exploded relieving further long liquidation pressures (I believe the initial high oex p/c represented confirming sentiment whereas most recent high oex p/c numbers represents contrary...protection purchases abdicating the need to liquidate)
also of note in today's action...backtests of s/r levels in the indices held with djix retesting 12,250, spx 1400, rut 780 and ndx 1735
sorry, I did not see your post before...I really am not a good poster as I don't have the inclination to timely follow up if/when things or opinion changes...or do so at my regular haunt but not here
btw, I've read and really enjoy your blog...always nice work!
#4
S.I.M.O.N.
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SIMONForecast
Posted 10 March 2007 - 01:52 PM
thnks FP,
its actually was quite a relief when you hinted at a possible bottom after 5waves down, as i was
seeing so many ABC down counts that for a while i thought i was hallucinating and almost gave
up on the V bottom(irregular flat) correction that i was seeing in the various indices. But until
we see new highs its still just a theory as always. If this idea is correct then question is not
if we see new highs, but how soon. 
*previously known as pnfwave
