Sunday, September 10, 2006 12:21:51 PM
A big difference is the volume pattern. I suppose we can only guess what the huge selling will mean for future prices.
No help short term but rising wedge breakdown remains problematic long term.
Quarterly chart needs to make a rebreak of lower TL to keep bear case intact. Minimum needs retest at somewhere between 1542 - 1552. Regardless I think the breach is significant long term.
No help short term but rising wedge breakdown remains problematic long term.
Quarterly chart needs to make a rebreak of lower TL to keep bear case intact. Minimum needs retest at somewhere between 1542 - 1552. Regardless I think the breach is significant long term.
Gizmo...
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