1 reply to this topic

[eminimee]

I'm thinking if compq tests the July high at 2724.74 from above and if successful....next move would be to break out the top of channel with a measured move to the .618 retrace. If that were to happen..my original thoughts of ndx correcting to the 2060/70 (2070 July 19th high) area may not happen....and would bottom at a higher level. One of them should hold there respective July highs with a test from above...if both fail then something else is going on

Log chart:

http://stockcharts.com/c-sc/sc?s=$COMPQ&p=M&yr=9&mn=6&dy=0&i=p69458311102&a=94844771&r=2807.png

http://stockcharts.com/c-sc/sc?s=$NDX&p=M&yr=10&mn=6&dy=0&i=p79436792931&a=98654220&r=7875.png

Edited by Teaparty, 04 November 2007 - 07:19 AM.

[vitaminm]

compq/ndx currnt trend to 3012/2281