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S&P 500
5,469.30
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0.39%
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US TECH 100
19,174.00
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1.14%
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Chuck703VA

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Chuck703VA

Re: techcharter post# 46552

Tuesday, 01/31/2012 11:05:05 AM

Tuesday, January 31, 2012 11:05:05 AM

Post# of 51804
Ewaves, SPX

The recent dip from 1333 to 1300 was retraced to about 65% at this mornings turn back down.

I am counting the drop as a possible fiver and this turn as it's correction.

I am thinking this is beginning of 1.3.1 of the larger wave down.

INDU less clear to me.

And, I temper all that with the knowledge that of late there seems to always be "one more wave up".

Added to my UPRO puts last Wed afternoon. Holding.....

Chuck

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