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techcharter

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techcharter

Re: None

Thursday, 02/10/2005 7:48:27 PM

Thursday, February 10, 2005 7:48:27 PM

Post# of 51804
Initial Jobless Claims

It's been a while since I last posted about the init jobless claims. This week's data broke below the 2004 low, making the wave count a 5 wave sequence. This structure is clearer than the DJI or NASDAQ. What makes sense in the large scope of things is that the DJI is in a Wave 5 from October '02. This wave may have ended on New Year '05. The long term indication is the market continues its topping and rollover.

http://www.bullandbearwise.com/InitialJoblessChart.asp
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