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Post# of 51804
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techcharter

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techcharter

Re: techcharter post# 44406

Tuesday, 08/31/2010 9:31:33 PM

Tuesday, August 31, 2010 9:31:33 PM

Post# of 51804
More Rally.

After the last post, I thought I made a terrible call. Now that the SPX futures are up quite a bit this evening, and above the day's highs, I don't feel so bad.

The futures have eliminated a wave 4 triangle correction. There are two equally valid counts: a lesser degree wave 2 zigzag/flat, or a larger degree wave 4 zigzag / complex. What amazes me is the selloff from the August highs has not been sharper in the INDU and SPX.
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