2 replies to this topic

[NAV]

Should begin sometime this afternoon. Things are lining up for that. The back and forth action is forming a nice triangle on the 5-min charts (on the NQ). Triangles precede the final phase of the selloff. Nasdaq summation has turned down from a fishhook. It appears they are trapping a lot bulls inside the triangle. The final purge should clean most of them. If the selloff materializes, i see a target of about 1905-1910 for NQ and 1490-92 for ES.

Edited by NAV, 26 June 2007 - 12:51 PM.

[denleo]

That is what I am thinking too. This climax can occur now or after the FED on Thursday. Charts say now. Denleo

[eminimee]

This would confuse everyone...with a high into close for a top of a 4th of C
before another low and waste some time...



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