Thursday, August 7, 2008

Wedge Update and Setup


5 comments:

Denarii said...

Stewie would you bet that the wedge will fail the same way it did in Feb for the Dow????

Stewie said...

anything can happen from here but for me, this pattern is what my eyes keep gravitating to over and over again. The longer the rallies take to try and negate this falling wedge pattern, the more likely the bulls will fail and this pattern will work. So inclusion i am confident enough to say that we more likely to falling down from this pattern first and retest the lows rather then breakout from it and rally. You, my friend have a bet. hahaha.

Stewie said...

ok ok ok . you win denarii! hopefully you were positiomned for this huge rally. still not sure what is moving up?

Anonymous said...

stewie. i could be wrong. but i think the big players want commodities to come down. hedge funds etc. otherwise Mccain won't stand a chance,Obummer will tax the shit out of them & all investors.
without commodities coming down the consumer will be fucked from higher prices.= mccain is history.

Stewie said...

you make excellent points. higher taxes will scare anyone right now. all i know is the bear is still alive and kickin.

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