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Strategies & Market Trends : Classic TA Workplace
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To: Shack who wrote (123361)8/26/2005 3:08:56 PM
From: skinowski  Read Replies (2) of 209892
 
$MID has a very clean short term chart, so, basically, I keep coming back to it. On the hourly it shows a series of declines, impulsive looking ones, but with overlaps, and they must be either a series of 1's and 2's -- or, setting up a wedge.

The implication here is that the bears are ALSO running out of time. Either the decline accelerates soon, or it will run out of steam, and degenerate into something range-like... or more wedge-like.

In any case, this is an interesting juncture.
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