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S&P 500
5,567.19
(
1.06%
)
US TECH 100
19,828.00
(
0.95%
)
Dow Jones
39,375.87
(
0.17%
)
Brent Oil
86.78
(
0.00%
)
Bitcoin
56,823.69
(
-2.53%
)
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techcharter

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techcharter

Re: blacktruck post# 43646

Thursday, 05/20/2010 1:52:00 PM

Thursday, May 20, 2010 1:52:00 PM

Post# of 51808
Blacktruck -ED? Doubt it.

The SPX still looks like a couple degrees of wave 1-2 combos. The bounce off today's lows looks like another wave 2 flat. It is a rarity (0.01% chance) for a motive wave to have two zigzags or two flats of the same degree. So the detection of at least two consecutive flats implies different degrees. Flats occur before or after the longest wave of the larger degree.

In other words, this is a prime crash set up.
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