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.
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.
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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.