Replies to post #2415 on Short Term Trading Member Forum

[techcharter]

Naz was choppy today.

The Naz only dropped 45 point of the 60 points I called for. The good news is the wave count is still in play for more downside next week. It looks more like several wave 1's and 2's getting ready for a massive 3. Or it's a continuation of consolidation for the next move down.

The Stochastics are completely oversold. The price keeps coming close to tagging the lower bollinger band, but just doesn't have the momentum behind it. The market may very well take a bounce.