InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
Subscribe Login/Register
S&P 500
5,460.48
(
-0.41%
)
US TECH 100
19,181.60
(
-0.43%
)
Dow Jones
39,118.86
(
-0.12%
)
Brent Oil
84.85
(
0.00%
)
Bitcoin
61,418.73
(
0.87%
)
Post# of 51805
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Keep Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

techcharter

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

techcharter

Re: None

Thursday, 05/12/2005 12:40:19 PM

Thursday, May 12, 2005 12:40:19 PM

Post# of 51805
Sloppy Market E-Waves

The markets are still in consolidation.

The SAP has several overlaps the last 3-4 weeks. This is complex wave structure. I think it's nearly over as It looks like the selloff from 1179 to 1160 ending yesterday morning was a triangle, signaling there is one more leg in the correction left.

http://charts.barchart.com/chart.asp?sym=$inx&data=Z60&date=051205&den=HIGH&evnt=ADV...

Meanwhile, The NASDAQ looks like it will trace out a ZigZag.

http://charts.barchart.com/chart.asp?sym=$nasx&data=Z60&date=051205&den=HIGH&evnt=AD...

We'll see.

Public Reply Private Reply New Post
Keep Last Read
Keep Last Read Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

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