Yes, that's exactly what I'm showing on that chart - an ED. I'll link it again - strange - on my computer ir comes up annotated.
Interesting - you also see it. Maybe it's real. There are some questions - like, the January rally (1) would have to be counted as a "three" - which is a stretch, but possible. But everything else plays well. In any case, it's a viable hypothesis worth watching. If it doesn't "hound" but instead breaks the lower line, then, obviously, it's the real thing.
stockcharts.com[g,a]eaclyyay[d20051114,20060314][pb50!b200][vc60][ila12,26,9][j49085868,y]&listNum=1 |