Longer-Term Market Trends Message Board

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Strategies & Market Trends : Longer-Term Market Trends

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To: jjstingray who wrote (1647)	8/19/2008 7:38:22 PM
From: skinowski	of 3209

On this chart, JJ, your black labels are the bullish count, and the red - the bearish alternate for the same price action. Since your "black" count already took out the recent "red " lows, I submit that your red bullish count is no longer valid. This does not mean that the market can't rally; it can do anything it wants, but the labeling would have to be different.

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