Edited by NAV, 26 June 2007 - 12:51 PM.
Climactic phase
Started by
NAV
, Jun 26 2007 12:47 PM
2 replies to this topic
#1
Posted 26 June 2007 - 12:47 PM
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.
#2
Posted 26 June 2007 - 01:02 PM
That is what I am thinking too. This climax can occur now or after the FED on Thursday. Charts say now.
Denleo
#3
Posted 26 June 2007 - 01:04 PM
This would confuse everyone...with a high into close for a top of a 4th of C
before another low and waste some time...
Click Here to see Full Sized Image
before another low and waste some time...
Click Here to see Full Sized Image