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S&P 500
5,431.60
(
-0.04%
)
US TECH 100
19,215.20
(
0.25%
)
Dow Jones
38,589.16
(
-0.15%
)
Brent Oil
82.51
(
0.46%
)
Bitcoin
66,184.48
(
-0.68%
)
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techcharter

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techcharter

Re: None

Wednesday, 06/01/2011 3:53:41 PM

Wednesday, June 01, 2011 3:53:41 PM

Post# of 51799
Lower lows and lower highs today.

The intraday trading today is structurally horrible. There are many drops and bounces. The overall downtrend channel is very narrow. This points to a very motive wave, and many smaller degrees (1 and 2's) unfolding. I'm looking for a gap down tomorrow as waves 3-3-3-... unfold. We'll see if the price starts to build a near trading bottom tomorrow or Friday.
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