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Post# of 51804
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techcharter

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techcharter

Re: techcharter post# 45478

Friday, 04/08/2011 11:27:40 AM

Friday, April 08, 2011 11:27:40 AM

Post# of 51804
It's a Topping Process

The last couple of days the markets have exhibited the choppiness I've been anticipating. I'm pretty sure a wave 3 of 3 off the March '11 lows has completed and some higher degree of wave 4-5 is completing. From this point in the SPX the first fibonacci downside target is the 1/3 retracement support at 1310.
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