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techcharter

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techcharter

Re: frankp3 post# 20349

Friday, 04/28/2006 8:32:31 PM

Friday, April 28, 2006 8:32:31 PM

Post# of 51809
WB E-waves

I agree with the ending diagonal elliott wave count on WB. Larger Wave 1 that includes the ED began in 2001. It is truncating with respect tothe highs made in 1999. The truncated wave is wave 5 of a larger wave that began in the early 1970's!!! At this large a degree either ED or truncation forecasts a sharp reversal. Since there are TWO large degree waves signalling a sharp reversal, it makes the probability of crash very high.

Initial support will be $25.
Happy shorting


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