Replies to post #46467 on Short Term Trading Member Forum

[techcharter]

INDU Projections.

Since my projections are based on longer periods, much more than 10 days, the near term top I curve fitted this weekend is surprising me very much today. It called for a potential near term top and longer reversal. With today's advance, the rally out of the October 2011 lows is still in play. The ewave count can be an zigzag or WxY. One more challenge of the 200 day moving average, and a Santa Claus rally would really make for a turning point.