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techcharter

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techcharter

Re: None

Monday, 09/08/2008 10:33:50 PM

Monday, September 08, 2008 10:33:50 PM

Post# of 51819
ABX Mortgage Index up, New E-Wave?

The ABX-HE-AAA 06-1 index at http://www.markit.com/information/products/category/indices/abx.html was up today. No E-wave counts we're violated to force a new count; however, I'm adding a correctve triangle (presently in wave e) as an alternate count to my preferred count of wave 2 zigzag complete, new wave 2 of larger Wave 1 of Largest WAVE 3. The alternate impies another day or so of choppy equity market advances. The preferred count implies the crash continues sooner than later.
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