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techcharter

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techcharter

Re: None

Monday, 02/02/2015 10:40:30 AM

Monday, February 02, 2015 10:40:30 AM

Post# of 51788
INDU e-wave count eliminated

This morning INDU breached the December 2014 low, which I was counting as wave 2 of an ending diagonal. This eliminates the ending diagonal wave count in the short term. The structure of the chart from December 2014 high to present does not conform to wave c ending diagonal of a flat or wave 4 triangle e-wave rules.

Bearish wave counts of 1-2, 1-2 are favorable at this time.


http://stockcharts.com/h-sc/ui?s=$INDU&p=D&yr=0&mn=6&dy=0&id=p33545644312
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