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S&P 500
5,473.17
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-0.25%
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US TECH 100
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-0.64%
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0.77%
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techcharter

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techcharter

Re: None

Sunday, 07/31/2011 9:31:58 PM

Sunday, July 31, 2011 9:31:58 PM

Post# of 51804
SPX Futures up HUGE!!!

This coincides nicely with the announcement of a debt ceiling deal. The duration of wave 2 is too short. Either wave 2 takes more time forming a double zigzag, or the markets really fall off a cliff.


Why just a wave 2 or another corrective wave?
1.) The wave down from July 21 highs looks motive on both the futures and open market.
2.) The wave up from the July 29 low is a zigzag on both the futures and open market.


http://charts.insidestocks.com/chart.asp?sym=SPU1&data=Z05&date=051406&den=HIGH&divd=Y&evnt=ADV&grid=Y&jav=ADV&size=D&sky=Y&sly=N&vol=Y&late=Y&ch1=011&arga=&argb=&argc=&ov1=&argd=&arge=&argf=&ch2=&argg=&argh=&argi=&ov2=&argj=&argk=&argl=&code=BSTKIC&org=stk
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