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Replies to #38906 on FOREX TRADERS

ElderWolf

06/20/10 3:28 AM

#38907 RE: Relentless Despot #38906

Good observation! I think you're right. I call it a potential double bottom until it breaks resistance and confirms.

As a side note...in looking at the SPX, I'm wondering if we're seeing the beginning of the formation of a second shoulder on a weekly chart (weekly candles). See shaded areas at right of chart.