Short Term Trading Member Forum

[techcharter]

Market Decline rest of February

The TA poll I've made indicates there will be a market decline over the next several weeks. Both the E-waves (prechter) and Cycles (Tim Woods) are indicating a noticeable market declines. Zoran Gayer and Rober McHugh are looking for confirmation of a top using e-waves.

I've been watching FNM, GM and the 10yr US T-note yield.

FNM wave count and fibonacci ratios are prime for a substantial decline.

GM zig-zag bounce is complete and the price confirmed with a relatively quick decline this week.

The T-note yield had a zigzag consolidation this week. It didn't make a fibonacci 38% retracement. It would have inverted the yield curve way too much. The initial move out of the zigzag has nearly offset the consolidation. The underlying market wants the yield to go higher.