Comments - If the Elliott people should turn out to be right, and a wave 'C' is coming, where is resistance? - BullBear Trading: Stock and Financial Market Technical Analysis2024-03-28T09:43:29Zhttps://www.thebullbear.com/profiles/comment/feed?attachedTo=3301355%3ABlogPost%3A3059&xn_auth=noOh yes, I'm not talking about…tag:www.thebullbear.com,2009-09-25:3301355:Comment:30672009-09-25T04:24:33.000ZMark Lytlehttps://www.thebullbear.com/profile/MarkLytle
Oh yes, I'm not talking about an immediate decline..just noting what the price volume levels say about Elliott final targets if the A-B-C pattern proves correct...
Oh yes, I'm not talking about an immediate decline..just noting what the price volume levels say about Elliott final targets if the A-B-C pattern proves correct... Good point about the resistan…tag:www.thebullbear.com,2009-09-24:3301355:Comment:30662009-09-24T23:01:38.000ZSteven Vincenthttps://www.thebullbear.com/profile/TheBullBear
Good point about the resistance levels on the Dow. However we may have had capitulation volume on the last decline which would have "sold out" all of that historical inventory. We'll see. There should be a process of topping over a period of at least several weeks to a couple of months. A dive straight to the bottom is not likely. Let's see what kind of setup the market presents.
Good point about the resistance levels on the Dow. However we may have had capitulation volume on the last decline which would have "sold out" all of that historical inventory. We'll see. There should be a process of topping over a period of at least several weeks to a couple of months. A dive straight to the bottom is not likely. Let's see what kind of setup the market presents.