Thursday, June 11, 2009 10:41:20 PM
trend1 no problem.
I disagree about the start issue with the bigger triangle but that doesn't trouble me.
The second triangle I agree on that.
I think the evidence until we have convincing down ( lower highs, lower lows) is on my side here though. The trend is up.
Now I agree with mtcinc0 and many others who see selling as picking up and I have been saying myself that the top of this little run is close but we could go higher before we start down in earnest.
The next down of significance should be a wave 4 IMO and that will be very telling. I take it one day at a time and this whole could be termed a draw thus far,
good trading
I disagree about the start issue with the bigger triangle but that doesn't trouble me.
The second triangle I agree on that.
I think the evidence until we have convincing down ( lower highs, lower lows) is on my side here though. The trend is up.
Now I agree with mtcinc0 and many others who see selling as picking up and I have been saying myself that the top of this little run is close but we could go higher before we start down in earnest.
The next down of significance should be a wave 4 IMO and that will be very telling. I take it one day at a time and this whole could be termed a draw thus far,
good trading
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