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S&P 500
5,431.60
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-0.04%
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US TECH 100
19,167.60
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0.00%
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Dow Jones
38,589.16
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0.41%
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techcharter

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techcharter

Re: None

Friday, 07/09/2004 9:41:17 PM

Friday, July 09, 2004 9:41:17 PM

Post# of 51799
GE wave count.

GE is still in a corrective wave 2. The count could be an ascending triangle or a double zigzag. The previous 10 minute wave 4 of larger hourly wave 1 maxed out near $32.50, so there is still a chance to rally some more. The present hourly wave 2 has retraced 38.6%, so there is an equal chance of hourly wave 2 being done. Place stops at $31.75.

http://charts.barchart.com/chart.asp?sym=GE&data=Z30&date=070904&den=HIGH&evnt=off&a...

Assuming wave 2 has finished, next week GE has a minimum hourly wave 3 downside target of $29.00. This is a wave 3. The move could take an instant, or a more than a week.
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