I first warned about it in Good Start to the Year: Beware the Bear Wedge and mentioned it again in Non-Farm Worst Since 1945: Market Likes It.
In Bear Wedge: Breakout? I wrote: “This raises the POSSIBILITY of a breakout of the Bear Wedge. Confirmation is still required, but it already feels good…”
Well, "breakout confirmed" would almost be an understatement...
In Bear Wedge: Breakout? I wrote: “This raises the POSSIBILITY of a breakout of the Bear Wedge. Confirmation is still required, but it already feels good…”
Well, "breakout confirmed" would almost be an understatement...
5 comments:
sold part of my srs/faz/eev position....see if we bounce off support over the next couple of days...also opex. try and buy back some shares at top of bounce. i dont know elliot wave but so i dont know how high we could bounce but it would be a good idea to really buy in as the next down turn will probably be the'big one'..............
haha, the ads that come with this post
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