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techcharter

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techcharter

Re: None

Thursday, 03/10/2005 7:09:23 PM

Thursday, March 10, 2005 7:09:23 PM

Post# of 51809
FRE ewave wave count

Freddie Mac rallied much more than I expected. The structure of the waves indicates FRE is finishing wave 2. It could be a running flat, or a stonger bounce as a zigzag. The zigzag count shows a 30%+ retracement. The flat retraces even less. Regardless of the wave interpreted, there is an ending diagonal forming over the last 5 or so days. A sharp reversal is in order tomorrow or early next week.

http://stockcharts.com/def/servlet/SC.web?c=fre,uu[w,a]dacayyay[dc][pb50!d20,2][vc60][iLp14,3,3!La12...
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