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techcharter

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techcharter

Re: techcharter post# 41600

Tuesday, 10/13/2009 8:21:41 PM

Tuesday, October 13, 2009 8:21:41 PM

Post# of 51808
ElliottWave Oil E-Wave Count.

Frank Barbera wrote an article "Early Stage Top Out Parade" for FinancialSense.com that shows ElliottWaveInternational's (Prechter) oil chart E-wave count. EWI's view is oil is consolidating in a triangle with one final, sharp rally in the near future. This would fit another theme of "all the same market" where all assets are rising and falling in sync.

Oil made a new recovery high today. My and EWI's count favor a slight pullback over the next 2 weeks.
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