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techcharter

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techcharter

Re: techcharter post# 46805

Thursday, 04/05/2012 3:52:42 PM

Thursday, April 05, 2012 3:52:42 PM

Post# of 51788
INDU Looks Corrective Today

After my earlier post near the low of the day, the rally unfolded in a zigzag. A challenge to the March 2012 highs is now reduced.

Bullish e-wave count: the rally off this morning's low is the beginning of a wave 1 of a larger wave 5 ending diagonal.

Bearish e-wave count: the rally off this morning's low is a double zigzag. More downside early next week.
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