Equity Markets: Technical Update (11-19-08)
Read the full article: http://weeklyta.blogspot.com/2008/11/todays-action_19.html#l...
During the neutral range, I was thinking to myself, "there are two options available for the market: 1) we form a long tedious rounded bottom, or 2) we form a very large bear continuation flag. #2 came really quick in the last hour. Over the weekend, I also stated that I had those two conditions that needed to be met. It's Wednesday, so both have expired and have not been met (not by a long shot)...
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