Stock-Market-Observations

MY CHARTS AT StockCharts.com

WAVE COUNTS & OTHER GOODIES

MARKET MESSAGES

11/30/12 – FRI

There is an alternate downward channel (yellow lines) in the 1st chart.  We touched the 62% retracement point and backed off.  Maybe one more attempt at that level and then we might correct (???).

There is a possible new top channel (white lines) in the 2nd chart.

Is step 1 up hiding in the SP futures (3rd chart)?

Presently the SOX index clearly shows 3 steps up, with the 3rd step up still in force (4th chart).

11-30-12 SP FUTURES 160 MIN BARS

11-30-12 SP FUTURES 30 MIN BARS

11-30-12 SP FUTURES 10 MIN BARS

11-30-12 SOX INDEX 20 MIN BARS

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This entry was posted on November 30, 2012 at 1:31 PM and is filed under UPDATE. You can subscribe via RSS 2.0 feed to this post's comments. You can comment below, or link to this permanent URL from your own site.