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S&P 500
5,806.67
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0.46%
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US TECH 100
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0.27%
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techcharter

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techcharter

Re: None

Thursday, 05/26/2005 4:28:01 PM

Thursday, May 26, 2005 4:28:01 PM

Post# of 51854
German DAX Top

I count 5 waves up from the late April '05 lows. Today a new 52 week high was recorded. The DJIA, SAP500, and FTSE did not confirm this as a long term breakout. If my larger view of SAP500 and DJIA being in a wave 5 of a 3 year ending diagonal is correct, then it is also truncating. These are two indications of a strong reversal ahead.

http://stockcharts.com/def/servlet/SC.web?c=$DAX,uu[w,a]dacayyay[dc][pb50!d20,2!f][vc60][iLp14,3,3!L...
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