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Strategies & Market Trends : Classic TA Workplace
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To: Galirayo who wrote (122902)8/14/2005 11:27:00 PM
From: skinowski  Read Replies (1) of 209892
 
To me, Ray, it's the opposite - $MID and $RUT sport cleaner down five-wavers since the beginning of this month than other indices, like INDU or SPX or NDX. Those fivers (best seen on 30 min charts) may not mean much in the scheme of things... they may turn out to be C's of Flat corrections... But, as the saying goes, most major bear markets start out as minor pullbacks (g/ng).

Short term - in the wiggles - I see bullish divergences, like on this one:

stockcharts.com[p,a]faclyyay[da][pb50!b200][vc60][iub14!la12,26,9][j57002274,y]&listNum=1
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