This is from Robert McHugh's newsletter and it is a bit busy but
we could be in a Triangle pattern of a wave B of ABC UP. Just
one of the 11 UP options. Breaking that longer term uptrend
line will be an important confirmation.
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Triangle Pattern
Posted by finam on 3rd of Dec 2008 at 08:41 am
http://stockcharts.com/h-sc/ui?s=$SPX&p=60&yr=0&mn=2&dy=15&id=p73968180944&a=155906189&listNum=2
This is from Robert McHugh's newsletter and it is a bit busy but we could be in a Triangle pattern of a wave B of ABC UP. Just one of the 11 UP options. Breaking that longer term uptrend line will be an important confirmation.