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Post# of 51788
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techcharter

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techcharter

Re: None

Thursday, 12/27/2012 11:09:10 AM

Thursday, December 27, 2012 11:09:10 AM

Post# of 51788
INDU support at 200 DMA

No wave counts have been eliminated since my last post. The last couple of days have shown stair-stepping lower (bearish). The price has more than retraced the mid December 2012 lows, so that rally is finished, leaving open for debate the rally out of the November 2012 lows. So far the besst count out of the November lows is a zigzag, so a sell-off is due regardless of the larger wave count.


http://stockcharts.com/h-sc/ui?s=$INDU&p=D&yr=0&mn=6&dy=0&id=p75635173805
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