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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?


To: pater tenebrarum who wrote (1698)12/2/1999 7:47:00 PM
From: fut_trade  Read Replies (1) | Respond to of 19219
 
I keeping seeing a "Broadening Formation" on the SPX chart from Apr'99 to now. According to Edwards and Magee, the Broadening Formation may be said to suggest a market lacking intelligent sponsorship and out of control-a situation, usually, in which the "public" is excitedly committed and which is being whipped around by wild rumors [pp. 169, 7th edition].