Analysis to make your head ache — and a systems aspirin to take away the hurt
Posted on Feb 01, 2010 by WHC Bassetti in Letters
Negative indications (as previously pointed out): The downtrend line at the very top, the broken long term uptrend line from March, the very length of the uptrend from March, the false breakout from the rectangle, the piercing of the support line at the bottom of the rectangle, the possible interpretation of the present pattern as a flag, the violence of the present downwave... All these elements would seem to argue for a continued downwave.
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