that's where trendlines and wave count helps. The consolidation
was a wave 4 of some sort for the indexes, yes it could have
consolidated longer but it didn't. Not in this QE driven
market. And remember, support was held yesterday over 1130,
the trend was still up, nothing had changed with the uptrend.
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
$RUT 60-MIN Update
Posted by jtverr on 5th of Oct 2010 at 02:56 pm
Triple Negative Divergance...
I dont know but it could just be MACD recycling to 0.
Posted by harshblue on 5th of Oct 2010 at 03:07 pm
that's where trendlines and wave
Posted by matt on 5th of Oct 2010 at 03:22 pm
that's where trendlines and wave count helps. The consolidation was a wave 4 of some sort for the indexes, yes it could have consolidated longer but it didn't. Not in this QE driven market. And remember, support was held yesterday over 1130, the trend was still up, nothing had changed with the uptrend.