InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
Subscribe Login/Register
S&P 500
5,567.19
(
1.06%
)
US TECH 100
19,828.00
(
0.95%
)
Dow Jones
39,375.87
(
0.17%
)
Brent Oil
86.78
(
0.00%
)
Bitcoin
57,099.13
(
-2.06%
)
Post# of 51808
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next

techcharter

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

techcharter

Re: None

Tuesday, 08/26/2008 9:21:42 PM

Tuesday, August 26, 2008 9:21:42 PM

Post# of 51808
Intraday Wave 2 Flat SPX, INDU

The 1273 target I made for the SPX last night took place in the pre-market. The opening selloff was the intraday wave 5 of Wave 1. The intraday Wave 2 was a flat, as wave b finished the 2 PM hour lower than intraday Wave 1 at the opening. The rally into the close looks incomplete, so a slight rally in the pre-market or at the opening is likely.

If the SPX drops below 1263(INDU below 11340), then chances for a minimal 48 point (500 point INDU) drop go way up.
Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Last Read Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next

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