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S&P 500
5,744.94
(
0.40%
)
US TECH 100
19,576.00
(
0.74%
)
Dow Jones
42,143.32
(
0.55%
)
Brent Oil
70.92
(
-3.11%
)
Bitcoin
65,232.18
(
3.32%
)
Post# of 51848
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techcharter

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techcharter

Re: DowDeva post# 4685

Saturday, 11/13/2004 9:18:03 AM

Saturday, November 13, 2004 9:18:03 AM

Post# of 51848
Bear Turning Bull Here.

Nikkei chart is showing a triangle formed over much of this year. That means one more wave up.

FTSE and DAX have a complex correction this year.

DOW looks like a 5 wave sequence off the October '02 lows and has a realistic chance of new all time highs this year.

This wave count is more in line with cycle analysis others are providing on this board. I could see the market topping within 20 to 40 weeks. It would have good time proportionality with the early '03 pullback, and price proportionality with the late autumn rally of '02.

GOOG pulls back near turm and breaks above $200.
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