Short Term Trading Member Forum

[techcharter]

GM about to turn lower.

Fibonacci ratios and e-waves are looking text book.
GM nearly finished a zigzag consolidation.
50% rally from 52 week lows
38.2% retracement of Dec '04 high

And as far as what happens to GM happens for the larger markets, the DOW and SPX are showing a vey choppy rally over the last 5-9 days. It's either a downside move to complete a longer consolidation, or it's ending diagonal + truncation.

The German DAX and london FTSE reversed sharply today as the US markets inched higher. The next wave of fear is showing stronger signs in Europe.

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