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Chuck703VA

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Chuck703VA

Re: None

Wednesday, 01/09/2008 8:22:01 PM

Wednesday, January 09, 2008 8:22:01 PM

Post# of 51858
The ED picture......

....after all those anxious words about it as I pictured it developing I felt I had to make a picture. Note, this is viewed as possible end to this move down, at least temporarily.

http://finance.ph.groups.yahoo.com/group/STTrdngUsingTechAnalysis/photos/view/7520?b=12&m=f&o=0

I also show a clean five wave pattern up from the low around the projected 1890 area (it overshot the ED a tidge). This does leave open another wave down and it might happen, but with five up, I expect a correction to that and at least another fiver up before we learn more of how or what's happening.

as always, this info is worth what you paid for it. Have a good evening and don't get trampled by any loose bulls in the morning.

Chuck

http://stockcharts.com/def/servlet/Favorites.CServlet?obj=1212838,4&cmd=show,IDAY[N]&disp=e

My charts link is shown in my profile. The charts are usually up to date with my thinking or theorizing, but no guarantees on either.

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