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Strategies & Market Trends : Longer-Term Market Trends -- Ignore unavailable to you. Want to Upgrade?

To: AllansAlias who wrote (1280)7/4/2008 5:15:43 PM
From: Perspective  Read Replies (2) | Respond to of 3209
 
My thoughts exactly. Would certainly scare me if I had any gold.

`BC



To: AllansAlias who wrote (1280)7/4/2008 5:22:58 PM
From: Perspective  Respond to of 3209
 
Noticing lots of European charts now sporting a solid impulse down, into five waves off the top. Good example:




Kinda confusing given that 2002-7 sure look like an impulse up.



The only explanations would be either
a. this is just the first leg of a zig-zag correction
b. 2002-7 were a failed fifth wave

Given that some of Euroland *did* print fresh highs, like the U.S. did, I'm leaning toward explanation b.








`BC


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