InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
AI Subscribe Login/Register account icon
S&P 500
5,992.01
(
0.13%
)
US TECH 100
20,558.80
(
0.21%
)
Dow Jones
43,982.62
(
0.16%
)
Brent Oil
72.12
(
0.69%
)
Bitcoin
90,862.24
(
3.33%
)
Post# of 51875
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next

techcharter

Send PM Follow Ignore
Followers 24
Posts 2281
Boards Moderated 0
Alias Born 06/03/2004

techcharter

Re: techcharter post# 45520

Wednesday, 05/04/2011 11:01:19 AM

Wednesday, May 04, 2011 11:01:19 AM

Post# of 51875
Giant Flat OR...

The past 3 months of counting e-waves has been challenging. Correctly expecting the markets would get choppy at the top has not helped. I again have 2 equally valid wave counts.

I've been considering a giant Wave 4 flat which started from the February 2011 high as my primary count. This week began wave c. INDU target at least 12000. SPX target at least 1280.

This weekend it occurred to me Wave 4 from the February 2011 highs could have ended at the March 2011 lows. Since then Wave 5 is half way through wave 4. INDU downside target 12600. SPX downside target 1330, and possibly an ending diagonal.

Either way, expect selling or choppy trading for another week.
Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Last Read Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next
Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up