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Strategies & Market Trends : Longer-Term Market Trends
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To: Perspective who wrote (2228)2/21/2010 10:35:05 PM
From: skinowski   of 3209
 
I see what you are saying, thx. All those divergences on indicators also suggest that a reversal may be in the works.

This may be a bit too short term for this thread, but there are, indeed, some bearish EW scenarios here. One is that the entire decline was an impulse. This may prove to be correct. Another one is that the Jan 29 low may have been the orthodox low for the decline, and what followed - an irregular Flat correction.

It's smart to be careful with scenarios which come up late, after the original views prove to be wrong (g/ng). But... we'll see.
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