tag:blogger.com,1999:blog-4122125589623456037.post5921882879080096634..comments2023-11-03T07:19:06.318-05:00Comments on Market Patterns and Charts: Another downleg in progress...mlytlehttp://www.blogger.com/profile/02798407539915718313noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-4122125589623456037.post-3664946883134183002010-05-08T15:25:13.656-05:002010-05-08T15:25:13.656-05:00Gail,
I should mention that the markets are s...Gail,<br /> I should mention that the markets are so short term over sold that it _could_ bounce Monday and go higher before it eventually turns down for the last leg of this segment...<br /><br />Markmlytlehttps://www.blogger.com/profile/02798407539915718313noreply@blogger.comtag:blogger.com,1999:blog-4122125589623456037.post-73536673712870889912010-05-08T14:28:03.261-05:002010-05-08T14:28:03.261-05:00Thanks Mark. I really appreciate your reply.Thanks Mark. I really appreciate your reply.Gailnoreply@blogger.comtag:blogger.com,1999:blog-4122125589623456037.post-85634941563998936132010-05-08T12:49:24.330-05:002010-05-08T12:49:24.330-05:00Hi Gail,
No, I just mean that this segment of t...Hi Gail,<br /> No, I just mean that this segment of the decline has one more leg...then you get a rally for some days, then another leg down, and so forth...Markets rise and fall , generally in 5-3-5 patterns, or sometimes 5-3-5-3-5 patterns, and I think we are right now in '4' of the first '5'...<br /><br />Best,<br />Markmlytlehttps://www.blogger.com/profile/02798407539915718313noreply@blogger.comtag:blogger.com,1999:blog-4122125589623456037.post-84614459912643986862010-05-08T02:13:42.477-05:002010-05-08T02:13:42.477-05:00Addendum to my last post:
I think mostly my probl...Addendum to my last post:<br /><br />I think mostly my problem is I don't know anything about wave theory and what the numbered waves mean.Gailnoreply@blogger.comtag:blogger.com,1999:blog-4122125589623456037.post-8211945902578030392010-05-08T02:12:10.499-05:002010-05-08T02:12:10.499-05:00Hi Mark,
Do you think we have only this one more ...Hi Mark,<br /><br />Do you think we have only this one more leg down? <br /><br />What do you mean by 'relief rally?' I imagine it could mean just a few day or week rally up before another possible leg down in the current correction. Do I have that right?Gailnoreply@blogger.com