Replies to post #46523 on Short Term Trading Member Forum

[techcharter]

INDU in an Ending Diagonal Since December 28

Still have one more test of 10 day high. Mean Model has flattened. The mean model/market error is 1.67%. Given the wave structure, the model/market error will come very close to the 2.5% error level. If the INDU does rally more than 125 pts, then the ending diagonal is not the correct e-wave count.

http://charts.insidestocks.com/chart.asp?sym=$indu&data=Z60&date=051406&den=HIGH&divd=Y&evnt=ADV&grid=Y&jav=ADV&size=D&sky=Y&sly=N&vol=Y&late=Y&ch1=011&arga=&argb=&argc=&ov1=&argd=&arge=&argf=&ch2=&argg=&argh=&argi=&ov2=&argj=&argk=&argl=&code=BSTKIC&org=stk