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S&P 500
5,431.60
(
-0.04%
)
US TECH 100
19,168.00
(
0.52%
)
Dow Jones
38,589.16
(
-0.15%
)
Brent Oil
81.93
(
-0.24%
)
Bitcoin
66,402.56
(
-0.35%
)
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techcharter

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techcharter

Re: None

Wednesday, 07/27/2011 3:14:54 PM

Wednesday, July 27, 2011 3:14:54 PM

Post# of 51799
INDU Little Wave 4 Triangle

http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=indu&time=18&startdate=1%2F4%2F1999&enddate=7%2F27%2F2011&freq=9&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1&lf2=0&lf3=0&type=2&style=320&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=9&x=0&y=0

This morning the INDU found support and formed what looks like a wave 4 triangle. wave 5 just happened. I don't know if more wave 4-5 combinations will unfold.

One thing is for certain: The larger multi-day wave of selling is motive.
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