Replies to post #36361 on Short Term Trading Member Forum

[Chuck703VA]

Tech, also seeing (T2F) a possible triangle forming since 13 OCT on the NDX and SPX amongst others.

Would expect small downside here and then upside back to 1300s to upper TL before we finally enter wave 5.

Seeing this as probable 3.4.d inprocess with 3.4.e to complete 3.4 then 3.5 down a goodly measure followed by wave 4 up and then larger wave 5 down.

Just my feel for it. see 4 month NDX chart in my pub charts....0010040.

I'll be gone most of morning see ya'll after lunch.

[techcharter]

Still more waves 3-3-3-3-3-3... in All Markets

Plain and simple, the most devastating part of the market crash is here. The wave count of many degrees of waves 3-3-3-3-3-3... are about to be resolved 20 to 50% below current levels.

The triangle pattern (off Oct '08 lows) probability has been reduced as the price broke below the lower triangle edge formed by start wave a / end wave b.