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techcharter

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techcharter

Re: None

Wednesday, 10/20/2004 10:06:47 AM

Wednesday, October 20, 2004 10:06:47 AM

Post# of 51805
NAZ to retrace a little of the drop from yesterday.

This morning's sharp opening looks like it completed a clean 5 waves down from yesterday's highs. Looking for resistance around 1930. This is a 38% retracement AND the area of wave 4 of yesterday's drop.

Similar resistance at the wave 4 level appears in the DAX today.
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