Replies to post #45539 on Short Term Trading Member Forum

[Chuck703VA]

You lost me Tech.....

Did you mean, wave 5 of wave 5 ending diagonal of the MARCH 2011 lows?? versus the Feb 2011 lows??

Thanks, Chuck

[techcharter]

US and European Market E-waves, 5 of 5

All the US and European equity markets are in a wave 5 of Wave 5 situation off the March 2011 lows.

INDU, NDX, DAX are in a regular motive Wave 5.

SPX RUT TRAN FTSE CAC are in Wave 5 Ending diagonals.

I'm looking for US and European markets to top in 5 to 8 days. With so many markets with a high probability of ending diagonals, wave 5 of 5 may even truncate. Nonetheless, the reversal will be sharp.