InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
Subscribe Login/Register
S&P 500
5,459.65
(
0.22%
)
US TECH 100
19,075.20
(
0.62%
)
Dow Jones
39,181.82
(
-0.58%
)
Brent Oil
85.08
(
-0.23%
)
Bitcoin
61,618.87
(
2.26%
)
Post# of 51804
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next

techcharter

Send PM Follow Ignore
Followers 24
Posts 2281
Boards Moderated 0
Alias Born 06/03/2004

techcharter

Re: techcharter post# 45750

Wednesday, 08/03/2011 5:10:42 PM

Wednesday, August 03, 2011 5:10:42 PM

Post# of 51804
Triangle or...

Ending diagonal wave c of corrective flat. The edges of today's "bearish wedge" are textbook. Who was working the joystick today? ;)

There is no relief in the media from the "bad news". The market went up; however, the pom-poms are motionless. The last couple weeks of US debt ceiling drama have stolen the bad news spotlight from Greece. Today the spotlight is redirected on Italy and Spain. This observation signals a much stronger bearish trend is underway. Little rallies are getting squashed. Um... cycles are getting severely left-translated?
Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Last Read Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up