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S&P 500
5,482.87
(
0.09%
)
US TECH 100
19,277.20
(
0.32%
)
Dow Jones
39,164.06
(
0.09%
)
Brent Oil
85.42
(
1.12%
)
Bitcoin
61,456.53
(
1.06%
)
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techcharter

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techcharter

Re: None

Wednesday, 01/21/2009 10:42:48 PM

Wednesday, January 21, 2009 10:42:48 PM

Post# of 51804
Short Term SPX Wave Count

Wave 1 from January 5 to 15.
Wave 2 from January 15 noon to... Presently the best count is a flat in nearly complete wave c.

This was my alternate count as the market did not spend enough time consolidating. In general, flats appear at the beginning or end of the largest subwave of a larger motive wave. So the flat is signalling a very strong selloff (at least 200 points) beginning most likely tomorrow.
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