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techcharter

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techcharter

Re: None

Thursday, 10/14/2004 4:06:49 PM

Thursday, October 14, 2004 4:06:49 PM

Post# of 51804
Uptrend in Initial Jobless Claims

So far the chart of the Initial Jobless Claims shows multimonth Elliott Wave 3 as the best count. Other technical indicators of new uptrend confirmation are broken trendline from the past year's downtrend, and a series of higher highs and higher lows over the last 4 months.

There are just too many technical indicators pointing to a new uptrend in initial jobless claims to go against them.


http://www.bullandbearwise.com/InitialJoblessChart.asp
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