Tag Archives: bearflag

Analysis to make your head ache — and a systems aspirin to take away the hurt

Posted on Feb 01, 2010 by WHC Bassetti.

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100201induNegative 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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