This chart is today and yesterday.... The red is the Wave 2 Trade Channel... The blue could represent the Wave 3 Trade Channel.... Nice to see it develop..... I hope it maintains. 1220 will be important.
My thesis on the morning is that there are people trying to bottom pick Tech.. based on the idea that it's bottoming.... from the same people that picked financials 2 weeks early.
Friday, February 8, 2008
Trade channels
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