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S&P 500
5,304.72
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US TECH 100
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0.95%
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Post# of 51788
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techcharter

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techcharter

Re: None

Friday, 11/23/2012 10:39:25 AM

Friday, November 23, 2012 10:39:25 AM

Post# of 51788
SPX near 62% retracement

This could be a turning point. The E-wave count could go either way. If Wednesday traced out a triangle, then the bounce is almost over. Otherwise, much higher.

A long term alternate count I have is the rally out of the 2008-2009 lows is an ending diagonal. Under this count wave 5 of 5 has started a choppy multi week rally.



http://charts.barchart.com/chart.asp?sym=$INX&data=Z60&date=051406&den=HIGH&divd=Y&evnt=ADV&grid=Y&jav=ADV&size=D&sky=Y&sly=N&vol=Y&late=Y&ch1=011&arga=&argb=&argc=&ov1=&argd=&arge=&argf=&ch2=&argg=&argh=&argi=&ov2=&argj=&argk=&argl=&code=BSTKIC&org=stk



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