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S&P 500
5,473.17
(
-0.25%
)
US TECH 100
19,288.80
(
-0.62%
)
Dow Jones
39,134.76
(
0.77%
)
Brent Oil
84.96
(
-0.06%
)
Bitcoin
64,575.13
(
-0.38%
)
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techcharter

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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?
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