Short Term Trading Member Forum

[techcharter]

INDU, SPX, NDX e-waves


NDX

Wave 1: From Feb 3 open - Feb 6 open
Wave 2: From Feb 6 open - Present Double zigzag, wave b was a triangle. wave c of c completes tomorrow early and sells off very hard the rest of the day.

http://www.marketwatch.com/tools/quotes/intchart.asp?submitted=true&intflavor=advanced&symb=ndx&origurl=%2Ftools%2Fquotes%2Fintchart.asp&time=18&freq=9&startdate=&enddate=&hiddenTrue=&comp=Enter+Symbol%28s%29%3A&compidx=aaaaa%7E0&compind=aaaaa%7E0&uf=7168&ma=1&maval=50&lf=1&lf2=4&lf3=0&type=2&size=3&optstyle=1013


SPX

Wave 1: From Feb 4 open - Feb 6 open
Wave 2: From Feb 6 open - Present Double zigzag, wave c of c completes tomorrow at opening and sells off very the rest of the day.

http://www.marketwatch.com/tools/quotes/intchart.asp?submitted=true&intflavor=advanced&symb=spx&origurl=%2Ftools%2Fquotes%2Fintchart.asp&time=18&freq=9&startdate=&enddate=&hiddenTrue=&comp=Enter+Symbol%28s%29%3A&compidx=aaaaa%7E0&compind=aaaaa%7E0&uf=7168&ma=1&maval=50&lf=1&lf2=4&lf3=0&type=2&size=3&optstyle=1013


INDU

Wave 1: From Feb 4 open - Feb 6 open
Wave 2: From Feb 6 open - Present this is a very weak, complex wave. It looks like wave b was a triangle that dipped below wave 1 implying wave c will be motive and Wave 2 is a flat. This doesn't make sense since flats have 3 waves then another 3 wave and finally 5 waves, not 3-5-5. I actually prefer a count of a flat distorted this morning by the drop in AIG's shares.

http://www.marketwatch.com/tools/quotes/intchart.asp?submitted=true&intflavor=advanced&symb=indu&origurl=%2Ftools%2Fquotes%2Fintchart.asp&time=18&freq=9&startdate=&enddate=&hiddenTrue=&comp=Enter+Symbol%28s%29%3A&compidx=aaaaa%7E0&compind=aaaaa%7E0&uf=7168&ma=1&maval=50&lf=1&lf2=4&lf3=0&type=2&size=3&optstyle=1013