dangerous - thursday, page-3

Good to see you're still pumping 'em out there Jako :)

Few observations:

* NDX is at 61.8% of the tech wreck bear right now. Close was 3281.668 and the level is 3280.29.

* OEX (S&P 100) is revisiting 1/4 extension of prior major range and 3 points north is 85.4% major range (see charts below)

* IXIC (Nas Comp) high was 5 or so points South of the upper line of a major trend channel (if you look you'll see it on the chart going back a few years).

* SPX - 1722.48 is the 50% extension of the major range being revisited (see chart below).

* Today (Thursday) is 182 days from 18 April low and 233 (fib) from 26/2 low. The 180 low to high looks like a potential fit.

* NDX futures are tanking as I type (IBM?) off about 14 point from the 4pm price.

* Today XJO might hit some headwind, perhaps..