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Post# of 51804
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techcharter

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techcharter

Re: techcharter post# 45539

Tuesday, 05/10/2011 7:06:14 PM

Tuesday, May 10, 2011 7:06:14 PM

Post# of 51804
US and European Market E-waves, 5 of 5

All the US and European equity markets are in a wave 5 of Wave 5 situation off the March 2011 lows.

INDU, NDX, DAX are in a regular motive Wave 5.

SPX RUT TRAN FTSE CAC are in Wave 5 Ending diagonals.

I'm looking for US and European markets to top in 5 to 8 days. With so many markets with a high probability of ending diagonals, wave 5 of 5 may even truncate. Nonetheless, the reversal will be sharp.
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