12 replies to this topic

[eminimee]

and why coming out in a triangle would make sense.. This is not an ewave count..more for demonstration....call it TEAWAVES Check out the wash out lows at both lows on these charts...



http://stockcharts.com/c-sc/sc?s=$SPX&p=D&yr=1&mn=8&dy=13&i=p64549672629&a=109189416&r=7458.png

http://stockcharts.com/c-sc/sc?s=$SPX&p=D&st=1992-08-01&en=1995-03-01&i=p99607938296&a=100886539&r=5407.png

[bullishnot]

Don't be fooled by the strength that has no volume backing. The rally off the recent lows could just be the product of volatility expansion. In other words, what shoud have been a small dead-cat bounce off the unfinished IT decline is being sigma magnified and looking like a new IT advance. I am thinking it might be '04 style swings that don't truly bottom until several months later.

Exactly. The market going up on decreasing volume. Funny how most bulls here like to ignore that.

yup, going down again big

[eminimee]

this would certainly like that "one more low"

....and hope it holds...

http://stockcharts.com/c-sc/sc?s=$SPX&p=D&yr=8&mn=6&dy=0&i=p76377951514&a=78670243&r=1295.png