Buy and Sell Signals, and Other Market Perspectives Message Board

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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

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To: Real Man who wrote (4906)	6/1/2010 9:16:11 PM
From: GROUND ZERO™	Read Replies (3) of 220192

Those wiggle patterns are not very common, and they come is different variations as well as five and seven day wiggle patterns... that pattern, if you notice, takes out the previous day's high, then the next day's low, and so on, it's a chart pattern which represents confusion between bulls and bears... this time it was resolved with the bulls in command, and the pattern is still alive, but it usually just takes off immediately the very next day, so we should have seen a rally on Friday... this hesitation and stalling is not helpful but it's also not fatal quite yet, it could all happen tomorrow...<g> GZ

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