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S&P 500
5,480.93
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0.30%
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US TECH 100
19,109.40
(
-0.51%
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Dow Jones
39,512.12
(
0.92%
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Brent Oil
85.16
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1.36%
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60,828.25
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Post# of 51804
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techcharter

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techcharter

Re: techcharter post# 5311

Wednesday, 12/15/2004 6:30:26 PM

Wednesday, December 15, 2004 6:30:26 PM

Post# of 51804
What's another little wave among Ewavers?

It looks like there were extra wave that needed to finish. Since the DOW was only 40 pts frmo 52 week high, there is still a good possibility of a new 52 week high. A drop below 10400 would be good sign of a reverse of short term waves. A drop below 9700 would be confirmation of longer term wave top in place


The DAX is forming an ending diagonal, and the FTSE has not retested DEC '04 highs this week. A turn in the world markets is likely.
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