InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
Subscribe Login/Register
S&P 500
5,482.87
(
0.09%
)
US TECH 100
19,282.80
(
0.35%
)
Dow Jones
39,164.06
(
0.09%
)
Brent Oil
85.45
(
1.15%
)
Bitcoin
61,486.47
(
1.11%
)
Post# of 51804
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Keep Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

techcharter

Send PM Follow Ignore
Followers 24
Posts 2281
Boards Moderated 0
Alias Born 06/03/2004

techcharter

Re: techcharter post# 36911

Thursday, 01/29/2009 10:30:42 PM

Thursday, January 29, 2009 10:30:42 PM

Post# of 51804
ED was the wave count.

Today engulfed yesterday's huge rally, so yesterday was most likely a blowoff. Today I counted 5 waves down.

10 Yr US Treasuries got hammered too. Investors are fearing hyperinflation. The FED will have to pull a Volker, and raise rates sharply to contain "inflation"

Tomorrow should be choppy sideways to slightly up, with a chance another down leg begins. If a choppy roll over, then this baby waterfalls into a crash next week.
Public Reply Private Reply New Post
Keep Last Read
Keep Last Read Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up