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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