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Post# of 51808
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techcharter

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techcharter

Re: techcharter post# 36376

Thursday, 11/13/2008 10:25:23 PM

Thursday, November 13, 2008 10:25:23 PM

Post# of 51808
New wave count at higher degree.

The both the 3,3,3,3,3,3... and triangle possibilities have been eliminated with today's drop and spike. AND WHAT A THURSDAY REVERSAL SPIKE IT WAS!!!!

The corrective wave from the October 2008 lows looks more like a flat in the INDU, SPX, NDX and RUT. wave c started today and should push higher tomorrow. Look for the price to break wave c lower trend channel to signal the beginning of the next motive wave to retest lows.


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

surprisingly the ABX index continued to plunge to new lows. Often junk quality debt will track the stock markets. This is why I am very doubtful of todays rally.
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