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Chuck703VA

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Chuck703VA

Re: techcharter post# 46958

Wednesday, 05/23/2012 11:10:16 AM

Wednesday, May 23, 2012 11:10:16 AM

Post# of 51808
A picture would be worth a 1000 words, I am lost again.

Yesterday chatting with Pegwatcher I suggested I was looking for a bounce from the recent lows. My initial thoughts were somewhere around 1338.99 area or a 38.2% bounce. This mornings retreat South could be complete now and we then need a C=A wave up to the sub 1340 area. I still see that as a possible outcome.

That would be followed by a fifth wave down. Perhaps to the 1270 area or maybe even more.

Just another opinion. Watching for re-entry point.

Chuck

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