stocks
Aug 2 2007, 08:01 AM
Did the NDX just complete an extended fifth wave reversal from the full wave that started off the
March lows?
Extended fifth's are double reversed; so the recent 2 week decline would be completely
reversed back up.
SilentOne
Aug 2 2007, 09:47 AM
stocks,
I think that is unlikely. An extended 5th would be more like the 2000 tech blowoff. I don't think that is what we have seen here. In fact, I would submit that technology is in a bull mode.
cheers,
john