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S&P 500
5,447.87
(
-0.31%
)
US TECH 100
19,045.60
(
0.46%
)
Dow Jones
39,411.21
(
0.67%
)
Brent Oil
84.69
(
-0.69%
)
Bitcoin
61,256.26
(
1.65%
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techcharter

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techcharter

Re: None

Monday, 10/18/2004 12:21:03 PM

Monday, October 18, 2004 12:21:03 PM

Post# of 51804
It was a flat.

And Friday's highs retraced a 50%, so the likelihood of a turn was there. Turns out the flat was the middle of a B wave of a larger ZiiZag, of yet a larger zigzag. Looking at 1930 as a turing area. It would be a 62% retracement of the move from Wednesday's highs to Friday's lows. The Zig off Friday's lows = Zag off today's lows. 1930 would also hit a line of resistance from highs around October 6.

More ratios are converging so the turn is even more likely. The Downside is still below 1900.

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