Wednesday, March 12, 2003 3:05:11 PM
LG, would you please comment on this when you have a chance?
I have seen various charts lately which purport to show a strong falling wedge in various of the indices. The thing is, I think they are drawn incorrectly in that they do not take into account the pivot high from which the last major CIT occurred.
Here is an example of what appears to me to be the incorrect charting method that some are using:
Here is how I think that chart should be drawn:
I have seen various charts lately which purport to show a strong falling wedge in various of the indices. The thing is, I think they are drawn incorrectly in that they do not take into account the pivot high from which the last major CIT occurred.
Here is an example of what appears to me to be the incorrect charting method that some are using:
Here is how I think that chart should be drawn:
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