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S&P 500
5,267.84
(
-0.74%
)
US TECH 100
18,152.00
(
-0.42%
)
Dow Jones
39,065.26
(
-1.53%
)
Brent Oil
81.18
(
-0.17%
)
Bitcoin
67,761.96
(
-0.24%
)
Post# of 51788
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techcharter

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techcharter

Re: None

Wednesday, 03/07/2012 10:13:45 AM

Wednesday, March 07, 2012 10:13:45 AM

Post# of 51788
Nice Bounce - SPX

This should be a corrective bounce. I don't know if this is a little wave 4 or a smaller degree wave 2. Retracements after ending diagonals are sharp and retrace most of the ED. So far the shapr criteria has been met, but not the retracement. I do feel comfortable there will be another decline at least to the 1340 area.

http://bigcharts.marketwatch.com/advchart/frames/frames.asp?symb=spx&time=&freq=
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