Thursday, August 8, 2013
DOW Weekly Rising Wedge
Below I illustrate the rising wedge form the market has taken since the rally began in 2009, with throw-overs and throw-unders. This volatility simply serves to illustrate the intense emotion in the market. And, the final move up is likely to be another throw-over, before a massive reversal to the downside and a resumption of the larger bear market.