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#1 eminimee

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Posted 15 January 2007 - 06:28 PM

http://stockcharts.com/c-sc/sc?s=$UTY&p=D&yr=0&mn=11&dy=0&i=p52510759734&a=82676958&r=695.png

#2 arbman

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Posted 16 January 2007 - 10:39 AM

Don't you think that the 3rd wave can be that short in time, even in price for the price formation to this far? I would guess the wave-3 within the first wave is about to be over. It will probably close the gap from the middle of Oct on this first wave down, probably next week. The second wave should go into early February then. Check out your RSI, it didn't make a divergent bottom there yet, just my 2 cents...