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S&P 500
5,464.62
(
-0.16%
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US TECH 100
19,220.00
(
-0.20%
)
Dow Jones
39,150.33
(
0.04%
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Brent Oil
84.39
(
0.00%
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techcharter

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techcharter

Re: None

Monday, 09/13/2010 10:53:24 PM

Monday, September 13, 2010 10:53:24 PM

Post# of 51804
New alternative E-wave count

I'm considering the April-July 2010 pullback in the SPX and INDU to be Wave B of the corrective bounce out of the March 2009 lows. Such a count would top out with the November elections. So a little more rally, a small pullback, One final rally then the market rolls over.

One comment about social mood this weekend- the significance of the NYC mosque protests shows an increasing divisiveness among society. This means underlying mood is accelerating in the negative direction. The financial markets shouldn't be too far behind.

http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=2&mn=0&dy=0&id=p83315217820
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