Posted by dodgerdog on 5th of Aug 2008 at 07:50 am
Yes, and the major indices closed at support. We may chop
around some but watching to see if the SPX/DOW breaks out of their
symmetrical triangles which would indicate we are entering Wave C
to the upside.
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Posted by finam on 4th of Aug 2008 at 02:58 pm
Nice to see 5 waves down (pointed out by you and Matt) on the 15 Minute charts and then a bounce. Technical analysis really does work.
Now the 64 million dollar question. Do we still think that we may get to 1320-1325 on the S & P? FinaM
Yes, and the major indices
Posted by dodgerdog on 5th of Aug 2008 at 07:50 am
Yes, and the major indices closed at support. We may chop around some but watching to see if the SPX/DOW breaks out of their symmetrical triangles which would indicate we are entering Wave C to the upside.