Not if it's a diagonal which allow for such overlap - again this
is simply an alternative and one that would allow for a deeper
upside move should it occur. For now, the trend remains
firmly to the downside an must be respected. We never even
got a short term change in trend off my 15 minute chart from last
week.
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
Title: Another view Steve - no
Another View (alternative) on the SPX Daily
Posted by clivew3 on 29th of Jun 2010 at 03:30 pm
Steve - no expert myself but surely the big invasion of w 4 into the territory of w1 renders this view invalid? Clive
Not if it's a diagonal
Posted by steve on 29th of Jun 2010 at 03:31 pm
Not if it's a diagonal which allow for such overlap - again this is simply an alternative and one that would allow for a deeper upside move should it occur. For now, the trend remains firmly to the downside an must be respected. We never even got a short term change in trend off my 15 minute chart from last week.