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Strategies & Market Trends : Longer-Term Market Trends
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To: AllansAlias who wrote (390)5/5/2008 8:27:33 PM
From: skinowski  Read Replies (1) of 3209
 
From a TA point of view many stocks and indices do sport advances which appear to be contained by converging trendlines. A good many of them may fit the description of an "Ascending Wedge with Bearish Implications". But trying to find among them clean Elliott structures has been frustrating. I'm kind of getting ready to say "thank you" - and step aside with active trading positions until... I see an edge - in either direction.

Also, we are at a point when annual bullish seasonality is about to run out of steam. As the saying goes, sell in May and go away" (or think of shorting, as the case may be... -g).
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