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S&P 500
5,464.62
(
-0.16%
)
US TECH 100
19,220.00
(
-0.20%
)
Dow Jones
39,150.33
(
0.04%
)
Brent Oil
84.39
(
0.00%
)
Bitcoin
63,739.07
(
-0.79%
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techcharter

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Alias Born 06/03/2004

techcharter

Re: None

Tuesday, 06/22/2004 7:40:43 PM

Tuesday, June 22, 2004 7:40:43 PM

Post# of 51804
That drop marked the end of May bounce for the Dow.

If the ending diagonal wave count was what happened, then the sharp drop from the end of yesterday into today happened as wave behavior guidelines suggest.

The afternoon rally would be an intraday wave 2 of the next larger wave down for the Dow. Since the dow did not break the lows of the ending diagonal, their is no confirmation yet. Supporting a trend reversal would be a 200 point drop in the Dow tomorrow.

The NAZ and SAP are too swirly to count waves.
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