InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
AI Subscribe Login/Register account icon
S&P 500
5,463.54
(
0.08%
)
US TECH 100
18,558.40
(
0.21%
)
Dow Jones
40,539.93
(
-0.12%
)
Brent Oil
79.15
(
-1.77%
)
Bitcoin
67,251.20
(
-0.81%
)
Post# of 51818
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next

techcharter

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

techcharter

Re: None

Tuesday, 03/17/2009 10:22:23 PM

Tuesday, March 17, 2009 10:22:23 PM

Post# of 51818
INDU and SPX E-Wave Count

I'm going to revisit a count I was considering a few weeks back:

From November '08 lows to present is flat. The initial rally out of November was clearly a 3 wave sequence. The January '09 selloff was definitely a 3 wave selloff. The present rally has been motive with two larger wave 4-5 combinations left before reversing at some degree. There may be 3-4 days left in the rally.

The INDU 50 dma at 7700 and upper bollinger band at 7600 are resistance.
The SPX 50 dma and upper bollinger band are both resistance at 806.
Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Last Read Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next
Join InvestorsHub

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