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S&P 500
5,436.44
(
-0.50%
)
US TECH 100
18,200.00
(
-1.92%
)
Dow Jones
40,743.33
(
0.50%
)
Brent Oil
78.52
(
-0.80%
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techcharter

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techcharter

Re: None

Sunday, 11/02/2008 9:32:08 PM

Sunday, November 02, 2008 9:32:08 PM

Post# of 51819
Friday E-wave tough to call.

SPX. INDU, and NDX looked motive between 11 AM and 3 PM. Selling picked up in the closing hour, but held above the beginning of the motive wave. The RUT rallied pretty strong on Friday. It looks like the zigzag off Tuesday's lows has completed.

All markets indicate a selloff should start tomorrow, Monday. Here's where the wave count gets fuzzy: was this rally off the lows a single zigzag, double zigzag, wave a of flat, wave a of triangle? Regardless of preferred count, all counts point lower the next day or so.

Have Profitable Trading.
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