Short Term Trading Member Forum

[techcharter]

BlissBull:

I've got to agree with your wave count for the US markets. It makes no sense than Bear Sterns could bounce 24% in 3 days with the major credit crunch well under way. More lending companies are getting margin calls and taking no more applications.

Global markets are fairly synchronized too in their wave counts. The Chinese Shanghai is the hold out. While the crud was in a wave 2 rally, the Shanghai is putting on the final touches of its bubble rally. This lagging is typical among stocks within an index near tops, so it should be applicable to a globalized investing world.

Can you say, "MEOW"?