InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
Subscribe Login/Register
S&P 500
5,464.62
(
-0.16%
)
US TECH 100
19,220.00
(
-0.20%
)
Dow Jones
39,150.33
(
0.04%
)
Brent Oil
84.39
(
0.00%
)
Bitcoin
64,092.74
(
-0.23%
)
Post# of 51804
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Keep Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

techcharter

Send PM Follow Ignore
Followers 24
Posts 2281
Boards Moderated 0
Alias Born 06/03/2004

techcharter

Re: techcharter post# 44412

Wednesday, 09/01/2010 11:26:35 AM

Wednesday, September 01, 2010 11:26:35 AM

Post# of 51804
And What A Rally

The power of today's rally has narrowed the e-wave count to wave 2 correction of wave that which started at the August 2010 highs. With that as the reference, this correction has retraced to the first fibonacci area of 38-40%. The duration of this coutertrend rally is relatively short, and would look better with a 3-4 day choppy selloff followed by another 3-4 day rally to the 50% fibonacci area.
Public Reply Private Reply New Post
Keep Last Read
Keep Last Read Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up