InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
AI Subscribe Login/Register account icon
S&P 500
6,008.22
(
0.21%
)
US TECH 100
20,549.60
(
-0.08%
)
Dow Jones
44,338.11
(
0.79%
)
Brent Oil
71.62
(
-2.84%
)
Bitcoin
84,169.55
(
4.59%
)
Post# of 51872
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Replies (3) Keep Next 10 Report Keyboard Shortcuts
Replies (3) Next 10 Prev Next

techcharter

Send PM Follow Ignore
Followers 24
Posts 2281
Boards Moderated 0
Alias Born 06/03/2004

techcharter

Re: None

Saturday, 09/01/2007 6:50:19 AM

Saturday, September 01, 2007 6:50:19 AM

Post# of 51872
US Markets' E-Waves

The Dow Industrials, NASDAQ 100, and S&P 500 are in wave 2c5. The corrective pattern is a running flat where wave c is smaller than wave b.

wave 1 Mid July to first three days of August.

wave 2a Ends on August 8th

wave 2b ends on Aug 16th, the day before options expired.

wave 3c may have ended on Aug 31. For all markets this is an ending diagonal.

Flats in a wave 2 position signal a very strong wave 3 ahead, greater than 2x wave 1. The speed with which wave 3 should unfold should be fast as indicated by the ending diagonal in wave 2c5.

The market I'm having the toughest time figuring out is the Russell 2000. wave c does not look motive. Maybe it completed earlier than the other markets.
Public Reply Private Reply New Post
Keep Last Read
Replies (3) Keep Last Read Next 10 Report Keyboard Shortcuts
Replies (3) Next 10 Prev Next
Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up