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techcharter

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Alias Born 06/03/2004

techcharter

Re: None

Thursday, 01/06/2005 9:28:07 AM

Thursday, January 06, 2005 9:28:07 AM

Post# of 51799
Initial Jobless Claims Surge

The Initial Jobless Claims surged to the area of the 52 week highs. The Elliott waves from the 52 week lows show a short wave 1 and a very choppy, complex, and running wave 2. In more familiar terms an inverse head and shoulder is completing the right shoulder and the neckline is being tested.

An uptrend in initial jobless claims corelated strongly with the 2000 NASDAQ top.
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