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S&P 500
5,567.19
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1.06%
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US TECH 100
19,828.00
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0.95%
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Dow Jones
39,375.87
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0.17%
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techcharter

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techcharter

Re: None

Tuesday, 02/17/2009 9:22:57 PM

Tuesday, February 17, 2009 9:22:57 PM

Post# of 51808
Lost the E-Wave Count

I was looking for rally over the next 4-6 weeks. Instead the INDU and SPX are challenging their November '08 lows. It's tough to see the 5 waves of various degrees to the downside, so maybe Jan 1st to present is still a B-wave, and the 4-6 week rally will start any day.

Maybe the clarity of the waves is being obscured by forced selling as liquidity dries up. The funnymentals sure look horrible, and getting worse. This would be a strong sign of a WAVE 3 collapse occurring over the next couple of weeks.
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