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Replies to #8619 on S WAVE CHARTS

snootmagruder

08/07/15 11:28 AM

#8620 RE: NASARAVI #8619

INDU and TRAN, INDU looking good and I don't expect to see TRAN make a lower low than last OCT 7700 (which is very useful for the overall market watch) which could go out along the fork pattern till the end of this month at the longest. SPX has many positions that the forks seem to align with and I'm using the wave ratio noted on the SPX 1 hr chart as some extra guidance and could be correct or not?