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[RT] NASDAQ Momentum Waning?



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Hello to All,..

Wedn 04-19 is day # 3 into the NASDAQ recovery (with dead cat bounces 
typically lasting 2 to 4 mkt days),..right into a logical area of thick 
resistance 
on the chart.  Also 04-19 stands out as a logical enrgy point (pivot) date 
being 64 mkt days from 01-19-00,.. which in turn was 64 mkt days  from 
10-18-99,..was 64 mkt days from  07-19-00,..etc.  So in a window where 
a turn of importance appears l logical...and 04-18 was a Full Moon.  Other 
(dissimilar ) methods also point to this 04-19 to 04-21 time frame as marking 
an important tunring point.  For instance  04-20 is 19 mkt days from 03-24 
turn date,..and Ned Markson has previously pointed out that Uranus and Mars 
are 
conjunct (?) on 04-19.  And Peter Laird's site.... 
FIBO TIME or...     
http://home.golden.net/~laird/TimeSPX.htm 
shows 04-18 as a pivot date for NASDAQ and 04-20 as a pivot date for the 
S&P500.  So as usual,...different methods pointing to common time frame, etc.

Would appreciate the thoughts of others (i.e. Earl,..Ben,..Norman, Bob, 
Steve, Ned) 
for what to expect here.  Key question in my mind is whether NASDAQ has 
completed key low now moving higher,..or if past 3 day counter trend rally is 
likely to be repelled with lower prices,.etc. ahead.  Overseas markets are 
barely budging despite the recovery in NASDAQ,...usually a sign that 
momentum in NASDAQ is overdone.  Also,..the Put/Call ratio moderated 
from firm levels on Friday,..a sign that complacency has returned with the 
advance in NASDAQ.  Any thoughts on near term expectations much 
appreciated.  

Regards,  JIM Pilliod jpilleafe@xxxxxxx