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S&P 500
5,479.18
(
0.02%
)
US TECH 100
19,256.40
(
0.22%
)
Dow Jones
39,153.28
(
0.07%
)
Brent Oil
85.34
(
1.02%
)
Bitcoin
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(
1.03%
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techcharter

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techcharter

Re: None

Wednesday, 02/25/2009 10:15:14 PM

Wednesday, February 25, 2009 10:15:14 PM

Post# of 51804
OIL Still on the Launchpad

http://stockcharts.com/h-sc/ui?s=$wtic&p=D&yr=0&mn=6&dy=0&id=p75635173805

The e-wave count is still Wave b triangle which started January '09. The debate is little wave d triangle, or little wave e ending diagonal. Either way, the price is really close to the convergence of the edges of the triangle. The price should spike any day.

I'm moving my upside target from $70 to $80's because this is where the 200 day moving average is.
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