Short Term Trading Member Forum

[techcharter]

Feb high should be challenged over the next 4 to 6 weeks.

There is usually a lot of choppy trading near a major top. I don't feel 2 to 3 weeks of choppy trading sufficiently reflects 2 years of a major rally. 2 to 3 weeks of wave 4 and 4-6 weeks of wave 5 of Wave C would look better.

This is basically the same pattern forming in the Nikkei. A little rally to challenge the Feb high, then look out below.

It could be sooner (wave 5 truncation) if people's mood sours sufficiently. I'm not concerned about what Central banks will do.