Wave patterns in $indu

Posted on Mar 12, 2010 by WHC Bassetti in Letters

On January 19 we began a 14 day downwave which convinced chicken little that the sky was falling.  It lasted 894.8 points and 8.34%.  We now have 24 days of upwave from 2/25/10 and 8.23%.  It is too early to tell whether we are going to repeat the surge drift and flush pattern we saw before the rectangle. But  it appears that a pattern is being set up -- that is surge and drift, but no flush during this upwave.

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