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I was thinking if I could come up with a scenario that would maintain the markets sideways motion and help reduce the overbought levels of the breadth and near term oscillators. A wave B triangle may do that. A tight abc-x pattern can also do that. This is just having fun with waves.
S&P 500 – May 15, 2012 - Bottom Line: Long term trend is up. Mid-term trend is down. Short-term trend is down Weekly S&P stage is Late Advance (2-C) Daily S&P stage is Strong Decli...
1 year ago