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!
Richie D..the count that I
DUST
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.