FNM E-wave Larger degree wave 1 1st half of '04 Larger degree wave 2 3Q04 smaller degree wave 1 4Q04 to 4Q05 smaller degree wave 2 just completed. Retraced 50% The fibonacci ratios and ewaves are giving a very high probability of a major trend change this could be jaw dropping wave 3 of 3 scenario. Short FNM <A HREF="http://stockcharts.com/def/servlet/SC.web?c=FNM,uu[w,a]wacayyay[df][pb50!d20,2!f][vc60][iLp14,3,3!La12,26,9]&pref=G" target="_blank">http://stockcharts.com/def/servlet/SC.web?c=FNM,uu[w,a]wacayyay[df][pb50!d20,2!f][vc60][iLp14,3,3!La...</A>