Matt, Can you explain what you mean....

    DUST

    Posted by RichieD on 11th of Apr 2014 at 03:56 pm

    when you say DUST had the "typical wedge overshoot the other day that faked out newbies, then reversed".  What technical evidence supported any interpretation other than a breakdown from the wedge?  Still learning.  Thanks.

    Another typical wedge overshoot...

    Posted by corkeyboy99 on 13th of Apr 2014 at 10:04 am

    Can be found on the daily $TYX and TTT, I'm getting ready to sell my UBT and buy the TTT...maybe even tomorrow....thoughts anyone?

    Richie D..the count that I

    Posted by steve on 12th of Apr 2014 at 01:58 pm

    Richie D..the count that I applied to the DUST last week (see Thursday Newsletter again) supports a corrective decline (overlapping in the form of an abc x abc) and when applied to the pattern told us to be on the lookout for such a reversal. Wedges will at times have quick overshoots and reversals marking shot term capitulation. 

Newsletter

Subscribe to our email list for regular free market updates
as well as a chance to get coupons!