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Re: kajulie post# 9785

Wednesday, 06/08/2011 3:56:38 PM

Wednesday, June 08, 2011 3:56:38 PM

Post# of 114833
I'm not disputing any of what you say. But, normal market movement still comes into play in every market. A market never just goes straight up or straight down for very long.

The funny thing about a rising wedge, is that the rise is very steep and now that the market has broken down outside the wedge, even if today's mid day rally holds and the market closes at $0.0345, that price is still outside the wedge and is still seen as a break to the downside and prices will go lower tomorrow and keep going lower until the market finds firm support.

Then, assuming the fundamentals are strong, as you say, then the market will regain support and there could easily be a summer rally but, that is way too early to call right now. Right now, this market is technically weak and it will go down.
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