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techcharter

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techcharter

Re: Chuck703VA post# 35049

Wednesday, 08/06/2008 5:41:46 PM

Wednesday, August 06, 2008 5:41:46 PM

Post# of 51819
Chuck -Expecting Next Wave Down

I am expecting the next wave down too. My count is 3.2 down as well. I noticed the financials were weak today. They've been leading the turns lower. ABX mortgage garbage index is hitting a trend line from the top of the last waterfall. SKF bounced off its 200 dma. The time fibonacci ratio is 0.65. Tomorrow's open would make a nice turning poing.
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