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techcharter

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techcharter

Re: None

Tuesday, 07/08/2008 6:53:27 PM

Tuesday, July 08, 2008 6:53:27 PM

Post# of 51808
Entering a series of waves 4-5's

The 11600 level in late June that broke the March '08 lows looks like a classic wave 3-3-3-3. This marks the half-way point in time and price. Now comes several degrees of waves 4 and 5. I'll hold out for a lower price to go long in 3-4 weeks for a dead cat bounce. Target around 10500 for INDU.

http://stockcharts.com/h-sc/ui?s=$INDU&p=D&yr=0&mn=6&dy=0&id=p75635173805
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