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Is this a bearish or a bullish pattern?
just look at the chart, wave E would be at the top of the triangle, hence new highs. so as Steve said, woudl be bullish intermediate term if that is the correct pattern and yes longer term bearish.
Bullish short to intermediate term as the market would move up to complete Wave E and then Bearish longer term as the market would reverse back down.
Steve, How does this bullish short to intermediate term forecast correlate with seasonal patters for the summer months? Very unusual?
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Is this a bearish or
SPX megaphone?
Posted by tomakeit on 15th of Jul 2009 at 11:31 am
Is this a bearish or a bullish pattern?
just look at the chart,
Posted by matt on 15th of Jul 2009 at 11:41 am
just look at the chart, wave E would be at the top of the triangle, hence new highs. so as Steve said, woudl be bullish intermediate term if that is the correct pattern and yes longer term bearish.
Bullish short to intermediate term
Posted by steve on 15th of Jul 2009 at 11:35 am
Bullish short to intermediate term as the market would move up to complete Wave E and then Bearish longer term as the market would reverse back down.
Steve, How does this bullish
Posted by junkmaylbox on 15th of Jul 2009 at 11:43 am
Steve, How does this bullish short to intermediate term forecast correlate with seasonal patters for the summer months? Very unusual?