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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Slagle who wrote (68269)8/29/2005 5:44:31 PM
From: Moominoid  Respond to of 74559
 
People on the E-Wave thread are pointing out that volume is low for a real breakout and we still remain inside the down channel. Market is doing its best to frustrate both bulls and bears.

I have been calling for a sharp down followed by an up in order to allow for a greater decline. This up today will help loosen things up, though that doesn't mean the market will go down. However, the downtrend is still in place I think from all the indicators.


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