Replies to post #47941 on Short Term Trading Member Forum

[techcharter]

French CAC Big Ending Diagonal

http://stockcharts.com/h-sc/ui?s=$CAC&p=D&yr=1&mn=2&dy=0&id=p95623776168

The choppy advance out of the December 2013 lows is an ending diagonal. Just as in the SPX and INDU, the wave 5 in the CAC ending diagonal is also an ending diagonal. Global markets are ready to pull back sharply.

[techcharter]

SPX E-Wave count - Minor change.

The smaller of the 2 ending diagonals (starting from the April 2014 lows) I had counted in the SPX looks like it will become a 3 segment move. Also, If Thursday were the final move of the smaller ending diagonal, then Friday's action would have been a sharp drop AND closed near the lows. One more rally attempt.