It is a panic low, it should not be the start of a bear market and to quote da cheif panics are bullish. It may chop around for awhile though. This looks like the most likely scenario to me.
Edited by Russ, 20 October 2007 - 09:59 PM.
Posted 20 October 2007 - 09:56 PM
Edited by Russ, 20 October 2007 - 09:59 PM.
Posted 20 October 2007 - 10:25 PM
Posted 20 October 2007 - 10:34 PM
Posted 20 October 2007 - 10:50 PM
Edited by selecto, 20 October 2007 - 10:57 PM.
Posted 20 October 2007 - 11:15 PM
Posted 20 October 2007 - 11:30 PM
The width of the base of the broken triangle measures down to the Tim Ord line which is also the bottom of the interest rate cut bullish candle. The oscillator at the top is pointing to Monday for the low. The measured low is also the high from last Feb.
It is a panic low, it should not be the start of a bear market and to quote da cheif panics are bullish. It may chop around for awhile though. This looks like the most likely scenario to me.
Posted 21 October 2007 - 12:54 PM
support 14998
Posted 03 November 2007 - 12:17 AM
support 14998
Such an exact number...that some kind of magic.