A trendline, a trendline. My kingdom for a trendline…

Posted on Aug 19, 2010 by in Letters


It appears that dumpity bump pattern may be setting up.  (sell off, thrust up, sell off)  At the least we can now draw a downtrend line from the high 9 days ago.  We estimated that this downwave would be about 5 days -- it was 6 before a three day upwave furnished us with the point for a trendline. This chart shows a tentative analysis of a broadening pattern we have pointed out before.  Note that there is an uptrend since July 1, and this may just be a downwave of that pattern.

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