SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Longer-Term Market Trends -- Ignore unavailable to you. Want to Upgrade?


To: AllansAlias who wrote (95)4/1/2008 7:01:12 PM
From: Perspective  Respond to of 3209
 
I hope it's not just my position talking, but I still view this as a choppy, overlapping corrective wave, the third wave in a correction that started on the Fed's panic rate cut.



Volumes and structure seem inconsistent with a durable bottom and a new bull market.

This wave is wedging, barely in some places. Horizontal and wedge resistance coming into play about 1% above here, 1390ish.



`BC