that last 7 minute push in the DOW will leave the market in an
interesting spot. 7 consecutive gap ups; one big "breakout"
(albeit only in the DOW, on miniscule volume and only in the last 3
minutes before XMAS); and a ton of divergences. One can even
argue a DOW theory divergence (trannies didn't get above last two
swing highs). Can any ewavers comment on the DOW having
completed an A-B-C since the Dec 19th lows to complete a massive
and complete A-B-C structure off the Oct lows?
Merry Christmas all!
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to da moon alice
Uptrend keeps extending
Posted by perthx on 23rd of Dec 2011 at 04:10 pm
to da moon....ought to be a nice sell off once this end of year exuberance peters out...then again, why not straight up to 1300+???
1330 by year end, my
Posted by steveo on 23rd of Dec 2011 at 09:18 pm
1330 by year end, my call, based on charts
that last 7 minute push
Posted by kalinm on 23rd of Dec 2011 at 05:00 pm
that last 7 minute push in the DOW will leave the market in an interesting spot. 7 consecutive gap ups; one big "breakout" (albeit only in the DOW, on miniscule volume and only in the last 3 minutes before XMAS); and a ton of divergences. One can even argue a DOW theory divergence (trannies didn't get above last two swing highs). Can any ewavers comment on the DOW having completed an A-B-C since the Dec 19th lows to complete a massive and complete A-B-C structure off the Oct lows?
Merry Christmas all!