Contrarian market commentary and economic postings.
Saturday, May 18, 2013
PERFECTLY NORMAL
1 comment:
MT
said...
In response to the article "is Broadening Megaphone pattern negatted?" :
To many are waiting for the broadening megaphone pattern to complete. That's not going to happen. This market is almost identical like the period 1965/1975 It's a matter of time to brake out to the upperside of the broadening wedge resistance. The most will be fooled aigan if price keep up rising. At that time the most will change to the bull camp. This move since the bottom of 2009 is a clear massive B Wave of the larger corrective pattern since the year 2000.
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1 comment:
In response to the article "is Broadening Megaphone pattern negatted?" :
To many are waiting for the broadening megaphone pattern to complete. That's not going to happen. This market is almost identical like the period 1965/1975
It's a matter of time to brake out to the upperside of the broadening wedge resistance. The most will be fooled aigan if price keep up rising. At that time the most will change to the bull camp. This move since the bottom of 2009 is a clear massive B Wave of the larger corrective pattern since the year 2000.
See chart:
http://i366.photobucket.com/albums/oo106/mtcharts/SampPABC.png
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